Question: please solve in excel and explain formula step by step 4. The GNP for each quarter of the past 4 years is shown in the

please solve in excel and explain formula step by step

4. The GNP for each quarter of the past 4 years is shown in the following table: (a) Forecast the GNP for the first quarter of year 5 by using exponential smoothing model with a=1. Assume that the forecast for the first quarter of year 1 is equal to the actual value. (b) What is the linear trend equation that best fits the data? Forecast the GNP for the first quarter of year 5 by using this equation. (use Excel to answer this part) Year Quarter 1 2 3 4 2 1 2. 3 4 GNP (Billions) $ 9027 $ 9092 $ 9194 $ 9367 $ 9505 $ 9588 $ 9726 $ 9938 S 10063 S 10238 S 10285 S 10375 S 10430 $ 10473 S 10501 S 10580 1 2 w 4 1 2 3 4

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