Use the sales data to develop a forecast for period $25$ that you feel best represents the data.$$ You can use any of the tools included in Chapter $4.$ You should also provide supporting information on forecast error that shows why you think your forecasting method is best.$$ You likely will want to present a few forecasting methods and then show me why your recommended method is best.$$ If you are using exponential smoothing, the initial forecast for period $1$ was $29,000.$ That will allow you to start the smoothing process.$$

$2.(10$ points$).$ Utilize the EOQ model to recommend a number of items to order each time.$$ Also provide a summary of the following equation:$$ Total Inventory Costs $=$ Total Ordering Costs $+$ Total Holding Costs.$$ Submit the solutions as an excel file.