Question: Problem needs to be solved in excel. Problem 3-11 (Static) A manager of a store that sells and installs spas wants to prepare a forecast

Problem needs to be solved in excel.

Problem 3-11 (Static) A manager of a store that sells and installs spas wants to prepare a forecast for January, February, and March of next year. Her forecasts are a combination of trend and seasonality. She uses the following equation to estimate the trend component of monthly demand: Ft= 70 + 5t, where t= 0 in June of last year. Seasonal relatives are 1.10 for January, 1.02 for February, and 0.95 for March. What demands should she predict? (Round your answers to 2 decimal places.) Month Forecast January of the next year February of the next year March of the next year

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