Instructions: After the student calculates the answers to this homework he/she must submit the answers by placing them in the Assignment # _ Submittal Link in Bb by midnight of the date shown in the Course Roadmap and Syllabus. The Instructor does not allow late submissions therefore a score of zero (0) will be recorded for the assignment if submitted after midnight Eastern Time of the due date. Solution s for the assignment will be released in Bb the morning after the due date for access by students. Total points for the assignment is 140. Note: There is no partial credit given; either the answer is correct or incorrect. Scenario: Ajax Manufacturing is an electronic test equipment manufacturing firm that markets a certain piece of specialty test equipment. Ajax has several competitors who currently market similar pieces of equipment. While customers have repeatedly indicated they prefer Ajax’s test equipment, they have historically proven to be unwilling to wait for Ajax to manufacture this certain piece of equipment on demand and will purchase their test equipment from Ajax’s competitors in the event Ajax does not have the equipment available in inventory for immediate delivery. Thus, the key to Ajax successfully maintaining market share for this particular piece of equipment has been to have it available in stock for immediate delivery. Unfortunately, it is a rather expensive piece of equipment to maintain in inventory. Period Actual Number of Sold Units Period Actual Number of Sold Units 1 33 16 38 2 36 17 37 3 32 18 37 4 35 19 37 5 33 20 35 6 34 21 37 7 34 22 34 8 38 23 35 9 37 24 34 10 36 25 36 11 38 26 32 12 36 27 35 13 37 28 33 14 39 29 38 15 35 30 37 31 ? Forecast ? Thus, the president of Ajax Manufacturing is very interested in accurately forecasting market demand in order to ensure he has adequate inventory available to meet customer demand without incurring undue inventory costs. His sales department has provided historical data (in the table above) regarding market demand for this certain piece of specialty electronics test equipment for the past 30 months. Instructions for Homework Assignment: Use the provided Excel file to construct a spreadsheet for each of the four models (Models 1-4) then answer Questions 26 - 28 based upon your calculations. Model 1: Answer the following questions. Question 1. Calculate the projected demand for the test equipment for the time periods 4 - 31 based upon a 3-month moving average forecast model. What is the projected demand for period 31? (5 points) Question 2. Calculate the mean absolute deviation (MAD) for the 3-month moving average forecast for each of the time periods 4 through 30 and for the model. (5 points) Question 3. Calculate the mean squared error (MSE) for the 3-month moving average forecast for time periods 4 through 30 and for the model. (5 points) Question 4. Calculate the mean absolute per.