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Cash donations (in thousands of dollars) at the Union Mission for 2019-2021 were as shown below. Quarter Donations QI 2019 242 Q2 2019 282 Q3

Cash donations (in thousands of dollars) at the Union Mission for 2019-2021 were as shown below.

Quarter

Donations

QI 2019

242

Q2 2019

282

Q3 2019

254

Q4 2019

345

QI 2020

253

Q2 2020

290

Q3 2020

262

Q4 2020

352

QI 2021

270

Q2 2021

286

Q3 2021

271

Q4 2021

378

a. Utilizing excel, determine the seasonal factors for the four quarters.

b. After considering seasonal effects, apply the moving-average method based on the most recent 4 quarters (n=4) to forecast the cash donation of Q1 in 2022.

c. After considering seasonal effects, apply the exponential smoothing method to forecast cash donation in Q1 in 2022. Please use Solver to identify the best smoothing constant (Alpha) to reduce MSE error of your forecasting.

d. Lastly, compare both the MAPE and MSE values for the above forecasting methods and identify which method is more precise.

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