Question: please explain with excel 5. Use the data from problem 4. a. Develop a 3-year simple moving average forecast (starting in year 4). b. Develop
please explain with excel
5. Use the data from problem 4. a. Develop a 3-year simple moving average forecast (starting in year 4). b. Develop a weighted moving average forecast using the weights 0.5 and 0.5. c. Develop an exponential smoothing forecast using a forecast of 74,000 visits for year 1 and a = 0.7. d. Develop a trend-adjusted exponentially smoothed forecast using an initial forecast of 74,000 visits for year 1 and an initial trend adjustment of 0.5. The smoothing constants selected are a = 0.7 and B = 0.4. e. Compute the MSE for each one of the aforementioned methods (disregard the first data point for the exponential smoothing and trend-adjusted exponential smoothing models). Based on your results, which forecasting method would yield the best results. Using that method, what is the forecast for next year
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