Question: Please do in EXCEL!!!! Month Sales (000 unity) 2 19 3 18 4 15 5 20 6 18 7 22 8 20 . Determine forecasts

Please do in EXCEL!!!!

Month Sales (000 unity)
2 19
3 18
4 15
5 20
6 18
7 22
8 20

. Determine forecasts for as many of the months of March through September that you can using each of the following methods: (Assume you are starting at the end of February and revise the forecast as new data is collected)

i. The Naive method

ii. A 3-point moving average

iii. A weighted 4-point moving average using the following weights:

wt-1 = .65, wt-2, = .20 wt-3 = .10, wt-4 = .05

iv. Exponential smoothing with a = 0.40, assume the forecast for February was 20.

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