Question: I need step-by-step directions on how to work this problem and I also have you know how to do it in Excel with formulas. Grey's

I need step-by-step directions on how to work this problem and I also have you know how to do it in Excel with formulas.

Grey's Audiovideo rents audio and video equipment to musicians for local concerts. The company is interested in forecasting the rents for the d2-console so that it can make sure it is on-hand when needed. The d2-console data for the last 10 months are shown here.

Month

Demand

Month

Demand

January

23

June

28

February

24

July

32

March

32

August

35

April

26

September

26

May

31

October

24

Prepare a three-month moving average forecast for the months of August through November. Show the formulas used, calculations, and final answer.

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