53Can you help me find MSE in this chart? Canton Supplies, Inc., is a service firm that employs approximately 100 people. Because of the necessity of meeting monthly cash obligations, the chief financialofficer wants to develop a forecast of monthly cash requirements. Because of a recent change in equipment and operating policy, only the past seven months ofdata are considered relevant. The change in operations has had a great impact on cash flow. What forecasting model do you recommend? Use the MovingAverage and Exponential Smoothing Excel templates or other Excel tools to help you answer this question.The 4-month moving averageMonth1234model is the best.CashRequired($1,000)190212218260Find the best number of months to use in a moving average forecast based on MSE. Do not round intermediate calculations. Round your answers to two decimalplaces.Number of months23Month5674CashRequired($1,000)230240200MSE221750.5XX

Here, For each month, I have been given the cash required, next, I would use a specific forecasting…

Find the best number of months to use in a moving average forecast based on MSE. Do not round intermediate calculations. Round your answers to two decimal places. Number of months 2 3 4 MSE 22 17 50.5

Find the best number of months to use in a moving average forecast based on MSE. Do not round intermediate calculations. Round your answers to two decimal places. Number of months 2 3 4 MSE 22 17 50.5

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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