Write answer in the given answer form.

Part 1:

Table 1 summarizes the average monthly wage for China and Mexico from the year 1999 to the year 2010. Forecast monthly wage for China and Mexico from the year 2011 to the year 2015 using Table 1 data.

Table 1: Average Monthly Wages

	China (CNY)	Mexico (MXN)
1999	649.5	2392
2000	729.2	2910.5
2001	814.5	3367.6
2002	916.8	3537.5
2003	1041.3	3737.7
2004	1169.4	3858.8
2005	1313.1	3983.8
2006	1497.2	4112.9
2007	1740.3	4246.2
2008	2016	4387.7
2009	2187.3	4514.6
2010	2289.7	4649.8

Part 2:

Table 2 summarizes the exchange rate for China/USD and Mexico/USD from the year 2000 to the year 2010. Forecast the exchange rate for China/USD and Mexico/USD for China and Mexico from the year 2011 to the year 2015 using Table 2 data.

Table 2: Exchange Rate History.

	CNY/USD	MXN/USD
2000	8.279	9.46
2001	8.277	9.33
2002	8.277	9.67
2003	8.277	10.79
2004	8.277	11.29
2005	8.194	10.88
5006	7.973	10.91
2007	7.608	10.93
2008	6.949	11.15
2009	6.831	13.07
2010	6.770	12.62

Part 3:

Case Study (Specialty Packing Corporation: P 202 -203)

Answer the following questions:

1. Which forecasting method is the best for Black Plastic Demand forecasting? Why?

Estimate the forecasting error based on MSE.

1. Which forecasting method is the best for Clear Plastic Demand forecasting? Why?

Estimate the forecasting error based on MSE.

1. Using the method selected, forecast demand for years 6 and 7.

Year	Quarter	Black Plastic	Clear Plastic
6	Q1
	Q2
	Q3
	Q4
7	Q1
	Q2
	Q3
	Q4