1) Calculate measures of forecast accuracy: MFE, MAD and MAPE using the data from FY2017 through FY2020. Which forecast is more accurate? Do these forecasts seem adequate for the purposes of decision making? Why or why not? Note unlike your homework/tests where we utilized multiple months this is just for the four years(treat them like months) 2) Develop a forecast for FY2021 using the two forecasting methods currently employed by the company. Comment on which of the forecasts is likely to be more appropriate to support decisions based on your assessment of forecast accuracy from Q1. Are there any other considerations that you would recommend to Throx. 3) This question will have you calculating 2 different EOQ and ROP values and interpreting the results. For both EOQ and ROP, give your final answer in full sock sets (ROUND UP to the next whole number). The specific questions to answer are based in parts a-c. Tips to solve the EOQ and ROP are given below in bullet points. a) Calculate EOQ and ROP for FY2020 based on the FY2020 forecast value that you determined to be most accurate in Question #1. b) Calculate the EOQ and ROP based upon actual demand for FY2020 c) Use the total inventory cost calculation determine total inventory costs for each of the three EOQ results: EOQ from part a, EOQ from part b, and the Q that Throx is currently using (given in the case) When determining the costs use 2020 actuals for your Demand (D). i. Compare the total inventory costs from the three results and analyze what it shows you ii. What are the implications of the ROP Throx is currently using versus the ROP based on Actual Demand