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Use a 4-period moving average to forecast next week’s demand for our product. Historical records (oldest...

  1. Use a 4-period moving average to forecast next week’s demand for our product. Historical records (oldest to newest) show 5346, 7812, 6513, 5783, 5982, 6519, 6222, 5577, 6840, 7344 for the past 10 weeks.

What effect (smoothing or responsive) would there be if we moved to a 5-period moving average (Hint: calculations are not necessary to answer this question)?

Using regression, what will your forecast model be?

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Regression model for forecasting;

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