Question: * Please show step by step in EXCEL * Problem - 1 ( 4 0 pts ) The annual demand for lime bags at McCall

*Please show step by step in EXCEL* Problem-1(40 pts) The annual demand for lime bags at McCalls Garden Supply for the past 11 months is provided in the tab McCalls Garden Supply. Use 2-month, 3-month, and 4-month moving averages to forecast demand in month 12.(5 pts) Forecast demand with a 3-month weighted moving average in which demand in the most recent month is given a weight of 3 and demands in the other two months are each given a weight of 1.(5 pts) Forecast demand for month 12 by using exponential smoothing with a smoothing constant of 0.7. Assume that the forecast for month 1 is 6,000 bags to begin the procedure. (10 pts) Which of the methods analyzed here would you use for month 12 and beyond? Answer by making forecasts for months 5-11 using each of the above methods and then calculating the mean absolute deviation (MAD). Month | Bags
('000s)
1|8
2|12
3|10
4|7
5|7
6|8
7|11
8|8
9|13
10|7
11|9
12

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