Instructions: Please read the Operations Management - Do ALL Questions Submit in APA format- font size 12 times New Roman double space. 10 points for each case 1. What is the basic difference between a weighted moving average and exponential smoothing? 2. Briefly describe the steps that are used to develop a forecasting system. 3. Sales of Honda popular Fit have grown steadily at auto dealerships in Jamaica during the past 5 years (see table below). The sales manager had predicted before the new model was introduced that first year sales would be 410 Fits. Using exponential smoothing with a weight of .30, develop forecasts for years 2 through 6 . Ouestion 4 a. Starting with year 4 and going to year 12 , forecast demand using 3 year moving average b. Starting with year 4 and going to year 12 , forecast demand using a 3-year moving average with weights of .1,.3 and .6 using .6 for the most recent years. c. At a glance at forecast against the original data, which seems to give the better results