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McCall's Garden Supply has seen the following annual demand for lime bags over the past 11 years. A_ Develop 2-year moving average to forecast

 

20Z 907 SLOZ CLOZ OP DO ODBO OD ORODODB QLOZ 600Z 800Z 1002 Year Bags (thousands)  

McCall's Garden Supply has seen the following annual demand for lime bags over the past 11 years. A_ Develop 2-year moving average to forecast the next period demand (1pt) BDevelop a 4-year moving average to forecast the next period demand. [1pt) C Forecast the next period demand with a 3-year weighted moving average in which demand in the most recent year is given a weight of 4 and demands in the other two past vears are each given a weight of 1. (2pts) D_ Forecast demand by using exponential smoothing with a smoothing constant of 0.4. Assume that the forecast for 2007 is 6 (x1,000) bags to begin the procedure. (2pts) E Determine the optimum smoothing constant using SOLVER. Forecast the next period demand with the optimum smoothing constant ( Assume that the forecast for 2007 is 6 (x1,000) bags to begin the procedure). (2pts) F_Which of the forecasting methods analyzed here would you choose? Explain your answer. Create a comparison table to show the necessary measurements to compare the forecasting models that you analyzed. (2pts) Hint: ExcelModulev3 Add-inn will create a single worksheet for each question by default. You can name the worksheets as la; 1b,1c,1d,1e, and 1f Year Bags (thousands) 4 8. 9. 9. 6. 8) 7) 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016| 2017 13 14 16 4 00D (0|0 OMO O

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