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Read the case Tires for You, Inc. and answer the following questions: 1 . Calculate a forecast using a simple three - month moving average

Read the case Tires for You, Inc. and answer the following questions:1. Calculate a forecast using a simple three-month moving average.2. Calculate a forecast using a three-period weighted moving average. Use weights of 0.60,0.30, and 0.10 for the most recent period, the second most recent period, and the third most recent period, respectively.3. Calculate a forecast using the exponential smoothing method. Assume the forecast for period 1 is 9,500. Use alpha =0.40.4. Based on the three methods used to calculate a forecast for TFY, which method produced the best forecast? Why? What measures of forecast error did you use? How could you improve upon this forecast?

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