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Period t Demand (Dt) 0 1 2000 2 3000 3 3000 4 3000 5 4000 6 6000 7 7000 8 6000 9 10000 10 12000

Period t Demand (Dt)
0
1 2000
2 3000
3 3000
4 3000
5 4000
6 6000
7 7000
8 6000
9 10000
10 12000
11 14000
12 8000
13 3000
14 4000
15 3000
16 5000
17 5000
18 8000
19 3000
20 8000
21 12000
22 12000
23 16000
24 10000
25 2000
26 5000
27 5000
28 3000
29 4000
30 6000
31 7000
32 10000
33 15000
34 15000
35 18000
36 8000
37 5000
38 4000
39 4000
40 2000
41 5000
42 7000
43 10000
44 14000
45 16000
46 16000
47 20000
48 12000
49 5000
50 2000
51 3000
52 2000
53 7000
54 6000
55 8000
56 10000
57 20000
58 20000
59 22000
60 8000

Question 2 (6 points): Develop a 3-period moving average forecasting model. Report the forecasts for year 6 from months January through December inclusive. Discuss briefly these forecasts, Question 3 (6 points): Compute for the model developed in Question 2, compute the error parameters MAD, MSE, MAPE, and TS. Explain these error computations

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