A level strategy with backorders sets production in each period equal to the ______________; whereas a level strategy without backorders sets production in each period equal to the _______________. Forecasted demand in each period; average demand over the planning horizon. Maximum average demand over the planning horizon; forecasted demand in each period. Average demand over the planning horizon; maximum average demand over the planning horizon Maximum average demand over the planning horizon; average demand over the planning horizon. Average demand over the planning horizon; forecasted demand in each period