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Course Title: OPMT 311 Question 2: The Fertilizer Company distributes fertilizer to various lawn and garden shops. The company ase its quarterly production schedule on

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Course Title: OPMT 311 Question 2: The Fertilizer Company distributes fertilizer to various lawn and garden shops. The company ase its quarterly production schedule on forecasting how many tons of fertilizer will be demanded from it, ompany has gathered the following data for the past 3 years from its sales records: [10 marks] Quarter Demand for Fertilizer one of fafilision (tons) 105 2 150 HH 3 93 4 121 HH I 5 140 HH 1805 +170 6 170 275 7 105 255 150 + 150 8 150 +300 93 + 150 150 243 121+ 170 10 170 291 140 + 170 11 110 310 12 130 Compute a five-quarter moving average forecast. Compute a weighted three-quarter moving average forecast, using weights of 0.50, 0.33, and most recent, next most recent, and most distant data, respectively. Compare the forecasts developed in (a), (b), using MAD error. Which forecast appears to b accurate

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