Calculations 10 Manager Industrial Pump Manufacturing Facility Must Forecast Future Demand Q35339979

Calculations 10. The manager of an industrial pump manufacturing facility must forecast future demand. She has generated 2 series of forecasts already, and wishes to compare them to a 2-period moving average forecast. a. (7 points) Compute the 2-period moving average forecast. Time Demand Forecast l Forecast 2 Moving Average 492 470 3 485 480 493 490 498 497 2 478 488 492 493 6 492493 b. (10 points) Compute the ME and MAD for all three methods. c. (5 points) Which forecasting method would you recommend for these data? Why? Show transcribed image text