Question: Please show all work using Excel and follow what the questions are asking Eagle Stores is a retailer of office supplies. The monthly retail demand

Please show all work using Excel and follow what

Please show all work using Excel and follow what the questions are asking

Eagle Stores is a retailer of office supplies. The monthly retail demand for a product is provided below from January 2019 to October 2020. Year DEMAND DATA Month 2019 2020 616 758 832 974 898 940 964 880 January February March April May June July August September October November December 1016 912 828 1126 1032 988 1004 870 1056 1020 894 850 1010 969 a. Use the nave method to forecast the demand for November and December 2020. b. Use the moving average method with 4 periods to forecast the demand for November and December 2020. c. Use the exponential smoothing method with smoothing constant 0.7 to forecast the demand for November and December 2020. Initialize the forecasting method using the actual demand in January 2019. d. Fit a trend line to the demand data from January 2019 to December 2019. What is the trend line equation? e. What is the forecasted demand for November and December 2020 if you use this trend line equation? How reliable is this forecast from a statistical perspective? g. Compute the MAD of the trend line method used in part (d). Use the forecasts from January 2020 to October 2020 to compute the MAD of the method. h. What is the interpretation of MAD? i. Explain clearly why it is important to compute and track forecast accuracy

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