mid wk3. SuppliersShould a firm attempt to have fewer or more suppliers? What are the advantages and disadvantages of each approach? Your initial post should be 200-250 words.Guided Response:ÿRespond to at least two of your classmates? posts in a substantive manner. Some ways could include examples, current events, and/or possible outcomes.Carefully review theÿDiscussion Forum Grading Rubricÿfor the criteria that will be used to evaluate this Discussion Thread.Forecasting MethodsRead Problem 6 in Chapter 6 of your textbook. Calculate and answer parts a through d. Include all calculations and spreadsheets in your post. Explain why the moving average method was used instead of another forecasting method. What might be another forecasting method that could prove to be just as useful? Your initial post should be 200-250 words.Guided Response:ÿRespond to at least two of your classmates? posts to identify some of their recommended forecasting methods. Give additional advice and alternative solutions that might be used as well.Carefully review theÿDiscussion Forum Grading Rubricÿfor the criteria that will be used to evaluate this Discussion Thread.Question 6: Theÿfiguresÿbelowÿindicateÿtheÿnumberÿofÿmergersÿthatÿtookÿplaceÿinÿtheÿsavingsÿandÿloanÿindustryÿoverÿaÿ12-yearÿperiod.YearMergersYearMergers2000462006832001462007123200262200897200345200918620046420102252005612011240Calculateÿaÿ5-yearÿmovingÿaverageÿtoÿforecastÿtheÿnumberÿofÿmergersÿforÿ2012.Useÿtheÿmovingÿaverageÿtechniqueÿtoÿdetermineÿtheÿforecastÿforÿ2005ÿtoÿ2011.ÿCalculateÿmeasurementÿerrorÿusingÿMSEÿandÿMAD.Calculateÿaÿ5-yearÿweightedÿmovingÿaverageÿtoÿforecastÿtheÿnumberÿofÿmergersÿforÿ2012.ÿUseÿweightsÿofÿ0.10,ÿ0.15,ÿ0.20,ÿ0.25,ÿandÿ0.30,withÿtheÿmostÿrecentÿyearÿweightedÿbeingÿtheÿlargest.Useÿregressionÿanalysisÿtoÿforecastÿtheÿnumberÿofÿmergersÿinÿ2012.