PLEASE ANSWER ONLY USING EXCEL AND SHOWING FORMULAS The following data shows the value of food and beverage sales ($1,000s) for the first three years of operation of Vintage Restaurant on Captiva Island near Fort Myers, Florida Month First Year Second Year Third Year January 242 263 282 February 235 238 255 March 232 247 265 April 178 193 205 May 184 193 210 June 140 149 160 July 145 157 166 August 152 161 174 September 110 122 126 October 130 130 148 November 152 167 173 December 206 230 235 1 Use the trend projection model to forecast the value of food and beverage sales for January of the fourth year 2 Compare the three forecast methods you have used and recommend the forecast for Winter of 2022 3 Discuss the results of the trend projection model for this problem

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Question: PLEASE ANSWER ONLY USING EXCEL AND SHOWING FORMULAS The following data shows the value of food and beverage sales ($1,000s) for the first three years

PLEASE ANSWER ONLY USING EXCEL AND SHOWING FORMULAS

The following data shows the value of food and beverage sales ($1,000s) for the first three years of operation of Vintage Restaurant on Captiva Island near Fort Myers, Florida.

Month	First Year	Second Year	Third Year
January	242	263	282
February	235	238	255
March	232	247	265
April	178	193	205
May	184	193	210
June	140	149	160
July	145	157	166
August	152	161	174
September	110	122	126
October	130	130	148
November	152	167	173
December	206	230	235

1. Use the trend projection model to forecast the value of food and beverage sales for January of the fourth year.

2. Compare the three forecast methods you have used and recommend the forecast for Winter of 2022.

3. Discuss the results of the trend projection model for this problem.

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