Consider the following demand by Month: Month Demand 1 1800 2 2200 3 1950 4 2150

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Consider the following demand by Month:
Month
Demand
1
1800
2
2200
3
1950
4
2150

Consider the following demand by Month:
Month
Demand
1
1800
2
2200
3
1950
4
2150
5
2000
6
1900
7
2300
Use the simple Moving average approach to forecast the demand for Period 8. Use a window size of 3. Show your work.
Use the exponential approach to forecast the demand for Period 8. Use and Alpha of .3. Show your work.
Determine which forecasting approach is the most accurate using theMean Absolute Deviation approach
Mean Square Error
Mean Absolute Percent Error approach.
Show your work.

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