Question: PLEASE ANSWER IN EXCEL 2. FORECASTING EXERCISE (2 points) The demand for electric power at NY Edison over the past 7 years is showin in

PLEASE ANSWER IN EXCEL 2. FORECASTING EXERCISE (2 PLEASE ANSWER IN EXCEL

2. FORECASTING EXERCISE (2 points) The demand for electric power at NY Edison over the past 7 years is showin in the following table, in megawatts. The firm wants to forecast next year's Note: Use naive method start exponential smoothing method. Year a) Calculate MAD and MSE b) Wich method is best? c) What is the expected demand for year 8

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