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I need to forecast out 12 months using 3 different techniques, and then decide which one is best based on MAD (mean absolute deviation). Using some historical data for the past 40 periods (see attachment) I need to make a…

A lumber company produces 240 apple crates per 100 logs. The company currently purchases 100 logs per day and each log requires 3 labour hours to process. The boss of the company believes that he can hire a professional buyer…