Question: How do I do this in excel? Directions: Forecast sales for the first 12 months in 2005 using 1. The moving average method (number of

How do I do this in excel?

Directions:

Forecast sales for the first 12 months in 2005 using
1. The moving average method (number of time periods of your choice)
2. The exponential smoothing method
3. The time series method
For all 3 methods find the MAD and MAPE. Determine the most appropriate method for this set of data
Create a plot that shows actual demand and forecasted demand from all 3 methods

Sales of shampoo over a 3yr period Forecast abs dev MAD % Error MAPE
Month
2001-01 266.00
2001-02 145.90
2001-03 183.10
2001-04 119.30
2001-05 180.30
2001-06 168.50
2001-07 231.80
2001-08 224.50
2001-09 192.80
2001-10 122.90
2001-11 336.50
2001-12 185.90
2002-01 194.30
2002-02 149.50
2002-03 210.10
2002-04 273.30
2002-05 191.40
2002-06 287.00
2002-07 226.00
2002-08 303.60
2002-09 289.90
2002-10 421.60
2002-11 264.50
2002-12 342.30
2003-01 339.70
2003-02 440.40
2003-03 315.90
2003-04 439.30
2003-05 401.30
2003-06 437.40
2003-07 575.50
2003-08 407.60
2003-09 682.00
2003-10 475.30
2003-11 581.30
2003-12 646.90
2004-1 377.07
2004-2 475.63
2004-3 363.29
2004-4 465.66
2004-5 429.39
2004-6 468.02
2004-7 581.26
2004-8 411.68
2004-9 682.00
2004-10 503.82
2004-11 598.74
2004-12 666.31

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