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Please answer using Microsoft Excel: Problem 4: (30 Marks) Use the demand data that covers a three-year period and is separated by quarters, as indicated
Please answer using Microsoft Excel:
Problem 4: (30 Marks) Use the demand data that covers a three-year period and is separated by quarters, as indicated below: a) Use the decomposition method to forecast the demand for each quarter of Year 4 (quarter 1, quarter 2, quarter 3, and quarter 4). Ensure your Excel file includes the necessary columns: Seasonal Index, Deseasonalized Forecast (Forecast for future periods using the trend line) and Decomposition Forecast. (25 Marks) b) Calculate the Mean absolute deviation (MAD) for the decomposition forecastStep by Step Solution
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