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Question 1: The following gives the number of coffees sold at a Tim Hortons Coffee Shop in the past 6 weeks: Week of May 10 May 17 May 24 May 31 June 7 June 14 Year 1 a) Forecast the demand for the week of June 21 using a 3-week moving average. [1 mark] b) Use a 3-week weighted moving average, with weights of .1,.3, and .6; where .6 is for the most recent week. Forecast demand for the week of June 21. [1 mark] 2 3 Number of Cups sold 350 Question 2: The Reliable Transport Company is considering the purchase of a new truck. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past five years are as follows: 4 5 379 400 371 358 364 Month January February Miles Driven 3,500 3,790 4,000 3,710 3,580 Make a forecast for year 6 using exponential smoothing. Use an initial forecast of 3,000 miles for year 1 and an a value of 0.5. [2 marks] Question 3: Income at a Law firm from January to June are as follows - Income (in thousand dollars) 67.2 68.5