Question: Use Excel to create the plot and make Excel do the calculations Use the following data to calculate the forecasts as indicated below. Period Actual

Use Excel to create the plot and make Excel do the calculations

Use the following data to calculate the forecasts as indicated below.

Period

Actual sales

1

46

2

55

3

51

4

44

5

49

6

a. Determine forecasts for Period 5 and Period 6 sales volume using each of the following methods:

i. Simple Nave forecast

ii. Four period moving average forecast

iii. A three-period weighted moving average using the following weights:

wt-1 = .45, wt-2 = .35, wt-3 = .20

iv. Exponential smoothing with a smoothing constant of .70, assuming the Period 4 forecast was 48

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