Base to Base is a manufacturer of baseball caps that have various team logos in an assortment of designs and colors. The company had monthly sales for the past 24 months as follows.1 8.22 7.53 8.14 9.35 9.16 9.57 10.48 9.79 10.210 10.611 8.212 9.913 10.314 10.515 11.716 9.817 10.818 11.319 12.620 11.521 10.822 11.723 12.524 12.81. Develop a forecast table computing the forecasts using the following techniques: 3 month moving average, weighted 3 month moving average (with weights of 0.5, 0.3, 0.2 respectively) and exponential smoothing (alpha 0.2)2. Calculate the three forecast errors using the MAD3. Develop an alternative forecast method that has a lower error than the three ones used previously.Month Demand (x 1,000
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