Consider the time series below. Complete parts a and b below. Period 1 Demand 12 The forecasted demand for Period 8 is 11.4 (Type an integer or a decimal. Do not round.) b) Calculate the MAD for the forecast in part a. 2 14 MAD= (Round to two decimal places as needed.) ... 39 4 15 5 18 6 14 a) Forecast the demand for Period 8 using a three-period weighted moving average with weights 5, 4, and 1, applying 5 to the most recent data and 1 to the oldest data. 7 8

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