Question: In this assignment you will apply two smoothing methods, Moving Average ( MA ) and Exponential Smoothing ( ES ) , to forecast for the

In this assignment you will apply two smoothing methods, Moving Average (MA) and Exponential Smoothing (ES), to forecast for the next period, Month 25. The actual time series data {At} in column B are level and represent two years of monthly sales (in $1,000s) from a line of dresses made by a small clothing manufacturer. Click on the "Data" sheet (tab below) to see the data.
Calculation of the first forecast and first error for each forecasting method have already been done. Copy and paste the formulas down each column as needed, keeping 3 decimal places in all calculations. Calculate the Mean Absolute Deviation (MAD) for each forecasting method (in H31:K31) using Excels AVERAGE function. An example of how to do everything is contained in the file FC-Ex1-Level.xlsx" on iLearn. Dont be afraid to experiment!

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