Question: ( 1 ) ( 1 4 points ) Please make forecast, based on historical demand data, for demand from June through October using the following

(1)(14 points) Please make forecast, based on historical demand data, for demand
from June through October using the following methods: moving average (3),
moving average (4), exponential smoothing (0.4), exponential smoothing (0.8).
Compare the mean absolution deviation (MAD) and Forecast error among
these methods. Use EXCEL format & functions shown in class materials.
(2)(8 points) Please make forecast using the simple linear regression. What is the
model? Is the model valid (residual analysis)? What is the significance of the
regression model (R2, p-value of the slope)? Use EXCEL format & functions
shown in class materials.
(3)(4 points) Compare the smoothing methods with the regression. Which method
would you recommend? Why? Use EXCEL format & functions shown in class
materials.

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