IN EACH CASE YOU ARE REQUIRED TO ILLUSTRATE YOUR RESPONSE WITH A ROBLEM. 2 of 3 HY MGMT2026 Productions and Operations Management QUESTION 1 FORECASTING Mr. John operates a medium size business that sells tires. He buys most of his tires from a company that is located in South America. Mr. John believes that he is stocking too much tires so he decided to look into the situation. He wants to use the Economic Order Quantity (EOQ) model to manage his stock of tires. In order to use this model, he must first of all forecast the annual demand for his tires. Using a numerical example, demonstrate to Mr. John how he can use the manual trend projection method of forecasting to forecast demand for the next two years. (TOTAL 25 MARKS]