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Use Excel to solve the below problems. 1. Construct an exponential forecasting calculator to find (a) forecasted demand using WMA (w1-0.55 (most recent), w2=0.3,

Use Excel to solve the below problems. 1. Construct an exponential forecasting calculator to find (a) forecasted demand using WMA (w1-0.55 (most recent), w2=0.3, w3=0.15) (b) forecasting error (c) MSE and (d) forecasted demand in month 8. Month Sales 1 1257 2 2478 3 2500 4 3100 5 3125 6 3055 7 2986

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