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Boondocks in Phoenix, Arizona, is one of the biggest water amusement parks in the country. The park has numerous water slides and a variety of

Boondocks in Phoenix, Arizona, is one of the biggest water amusement parks in the country.
The park has numerous water slides and a variety of other water related play areas for children
and adults. While people are at the park, they buy food and drinks. In order for the catering
manager at Boondocks to determine how much food to have on hand, she needs a forecast of
the number of people who will be at the park each week. Attendance data for the past 16
weeks are shown at Boondocks worksheet.
a) Develop an exponential smoothing model to predict the attendance in week 17. Please
decide the smoothing constant to minimize MSE based on a Non-linear optimization
model. What is the prediction for week 17? Use the actual attendance in week 1 for the
forecast of week 1.
b) Develop a forecast for Week 17 using a simple 3-week moving average.
c) Which one of the above forecasts would you recommend based on MSE, and why? Week Attendance
114560
218655
315987
413689
515332
616345
717456
816334
914745
1016778
1119456
1215789
1315602
1414556
1516344
1615617
17
Please walk me through excel step by step and when you get to the solver in excel explain what the referenced cells and constraint are also di I use simple lp solver basically your dealing with a lost person so please I need your help Basically I need to see an excel file this not for a test or an exam its to see visually how things go step by step dont just right go through it with me How do I in solver Add a constraint to ensure 0<= E1<=1 because the smoothing constant must be between 0 and 1. so under referenced tab what do I do and under contraint tab what do I do

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