Question: How do you solve this in Excel? What formula to use? Grocery store customers 6 10 Day FIGURE 5.3 Daily Customers at FoodCo Grocery Estimating

How do you solve this in Excel? What formula to use?How do you solve this in Excel? What formula toHow do you solve this in Excel? What formula toHow do you solve this in Excel? What formula to

Grocery store customers 6 10 Day FIGURE 5.3 Daily Customers at FoodCo Grocery Estimating Average Demand with the Moving-Average Method 1. Using the data shown in Figure 5.3 and Table 5.1, compute a four-day moving average forecast for the number of customers on the fifth day. TABLE 5.1 Daily Customers at FoodCo Grocery Day Customers 228 228 225 188 The moving-average forecast at the end of day 4 for the number of customers on day 5 is D, +D, +D3 +D4 228 +228 + 225 + 188 - 217.25 4 Thus, at the end of day 4, we forecast that there will be 217 customers on day 5. 2. If the number of customers on day 5 turns out to be 193, com- pute the forecast for day 6. D. + D, +De+D 228 +225 + 188 + 193 = 208.50 n 2 Thus, the forecast at the end of day 5 for customers on day 6 is 209 (the exact number of 208.50 can be rounded to the nearest integer for con- venience). If we wish to forecast further into the future, we would ap- ply this same numberi.e., the forecast for customers on days 7 through 12 would also be 209

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