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Forecasting Exercise: Using the attached excel template (above ) with actual profits included, you will assume the role of operations manager for the XYZ Manufacturing

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Forecasting Exercise: Using the attached excel template (above ) with actual profits included, you will assume the role of operations manager for the XYZ Manufacturing Company. Use the moving average method to forecast/calculate the quarterly average profit and to analyze future cost for the company for the next three years. Once your forecasts are complete, in a memorandum for senior management, detail the following: Describe your naive method approach to forecasting and explain how moving averages are valid. o Describe what your forecasts for the next three years for the XYZ Manufacturing Company show. Include your forecast calculations in an appendix at the end of your memorandum

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