Use Excel to solve the below problems. 1. Construct an exponential forecasting calculator to find (a) forecasted demand using WMA (w1=0.55 (most recent), w2-0.3, w3=0.15 ) (b) forecasting error (c) MSE and (d) forecasted demand in month 8. Month Sales 1 1257 2 2478 2500 3100 3125 3055 7 2986

Use Excel to solve the below problems. 1. Construct an exponential forecasting calculator to find (a) forecasted demand using WMA (w1=0.55 (most recent), w2-0.3, w3=0.15 ) (b) forecasting error (c) MSE and (d) forecasted demand in month 8. Month Sales 1 1257 2 2478 2500 3100 3125 3055 7 2986

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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