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EXCEL ONLY PLEASE AND SHOW EVERY FORMULA FOR EVERY STEP!!! For XYZ Company, the monthly percentages of all shipments received on time over the past
EXCEL ONLY PLEASE AND SHOW EVERY FORMULA FOR EVERY STEP!!! For XYZ Company, the monthly percentages of all shipments received on time over the past 12 months is: 80,82,84,83,83,84,85,84,82,83,84, and 83 . Two forecasting methods were tried. Forecasting Method 2 a) Fill the tables above. b) Which method of forecasting is being used under Method 1? How are you able to say? c) Why are the forecasted values missing for Months 2 and 3 under Method 1 ? d) If under Forecasting Method 2, forecast for month 3 onwards are calculated using the logic F3=0.7Y2+0.3F2:F4=0.7Y3+0.3F3; and so on for all subsequent time periods, Which forecasting method is being used and what is the parameter value? e) What is the forecast for Month 13 under both the Methods 1 and 2 ? f) Calculate all three types of Forecasting Accuracy Measures for both the methods. g) Which forecasting model among the two above would you recommend? And why
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