Question: Your manager is trying to determine what forecasting method to use. Based upon the following historical data, calculate the following forecast and specify what procedure

Your manager is trying to determine what
Your manager is trying to determine what
Your manager is trying to determine what
Your manager is trying to determine what
Your manager is trying to determine what
Your manager is trying to determine what forecasting method to use. Based upon the following historical data, calculate the following forecast and specify what procedure you would utilize. MONTH 1 2 3 4 5 6 7 8 9 10 12 12 ACTUAL DEMAND 63 64 68 67 72 71 72 77 77 79 85 87 a. Calculate the simple three-month moving average forecast for periods 4-12. (Round your answers to 3 decimal places.) Three-Month Moving Average Month 4 5 6 7 8 9 10 11 12 b. Calculate the weighted three-month moving average for periods 4-12 using weights of 0.50 (for the period t-1); 0.20 (for the period 1-2), and 0.30 (for the period 1-3). (Do not round intermediate calculations. Round your answers to 1 decimal place.) Month Three Month Weighted Moving Average 4 5 6 7 8 10 11 12 c. Calculate the single exponential smoothing forecast for periods 2-12 using an initial forecast (F) of 64 and an a of 0.20. (Do not round intermediate calculations. Round your answers to 3 decimal places.) Month Single Exponential Smoothing Forecast 2 3 4 5 6 7 8 9 10 11 12 d. Calculate the exponential smoothing with trend component forecast for periods 2-12 using an initial trend forecast (T4 of 1.80, an initial exponential smoothing forecast (F) of 63, an a of 0.20, and a 7 of 0.30. (Do not round intermediate calculations. Round your answers to 3 decimal places.) Month Three-Month Weighted Moving Average 2 3 4 5 0 7 B 9 10 11 12 e-1. Calculate the mean absolute deviation (MAD) for the forecasts made by each technique in periods 4-12. (Do not round intermediate calculations. Round your answers to 3 decimal places.) Mean Absolute Deviation Three-month moving average Three-month weighted moving average Single exponential smoothing forecast Exponential smoothing with trend e-2. Which forecasting method is best? Three-month weighted moving average Single exponential smoothing forecast Three-month moving average Exponential smoothing with trend forecast

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