Question: Note: Use Excel QM to create the forecasts with spreadsheet names of 17A and 17B. Respond in the blue textbox below as to which method

Note: Use Excel QM to create the forecasts with

Note: Use Excel QM to create the forecasts with spreadsheet names of 17A and 17B. Respond in the blue textbox below as to which method is better with an explanation as to why it is better. 5-17 Data collected on the yearly demand for 50-pound bags of fertilizer at Wallace Garden Supply are shown in the following table Develop a 3-year moving average to forecast sales. Then estimate demand again with a weighted moving average in which sales in the most recent year are given a weight of 2 and sales in the other 2 years are each given a weight of 1. Which method do you think is better? YEAR DEMAND FOR FERTILIZER (1,000 OF BAGS) Response: 1 4 2 6 3 4 4 5 5 10 6 8 7 7 8 9 9 12 10 14 11 15

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