Question: Please build template for analysis Question 3 (20 pts): The worksheet Q3 contains data on the demand of a particular product for each month of

Please build template for analysis Question 3 (20

Please build template for analysis

Question 3 (20 pts): The worksheet Q3 contains data on the demand of a particular product for each month of the previous year. a) Forecast demand for the first month of the current year using a linear trendline (a fitted linear trend graph with estimated equation should be included as part of your analysis); and forecast demand for the first month of the current year using an exponential smoothing model with a=0.6. b) Calculate MAD, MAPD and Cumulative Errors based on the forecasting results for the previous year by each model. Which one of the two models do you prefer? Type your answers/explanations below your analysis. Question 3 Please build your own template for the analysis Months (Previous Year) Demand Jan 1,278 Feb 1,170 Mar 1,734 Apr 1,592 May 1,319 Jun 1,476 Jul 1,587 Aug 1,523 Sep 1,517 Oct 1,398 Nov 1,514 Dec 1,564

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