You are glven the following budpeted and octual data for the Grey Company for each of the months January through June of the currentyear, In Decembec of the prior yeat, sales were forecasted as followi: January, 91 units; February, 86 unlts; March, 93 units; April, 98 units; May, 105 units; June, 113 units: In January of the current year, sales for the months February through June were feforecasted as follows: Fetruary, 81 units; March, 93 units; April, 98 units; May, 95 units; June, 108 units. In February of the current year, sales for the months March through June were reforecasted as follows: March, 88 units; April, 93 units; Moy, 90 units; June, 108 units. In March of the current year, sates for the months April through June were reforecasted as follows: April, 93 units; May, 85 units; June, 98 units. In April of the current year, sales for the months May and June were reforecasted as follows: May, 75 units; June, 93 units. In May of the curreat year, sales for June were reforecasted as 93 units. Actual sales for the six-month period, January through June, were as follows: January, 78 units; February, 81 units; March, 86 units. April, 100 units; Miry, 107 units; June, 115 units. Required: 1. Prepore a schedule of forecasted sales, on a rolling basis, for the months January through June, inclusive. (Hint There will be only one forecasted number for January - this is the forecast done in December. For. February, there will be two forecasts: one done in December and a second done in January, For June, there will be six forecasts, one done in each of the proceding six months.) 2. For each of the months March through June, determine the 3-month forecast error rate, defined as 1 minus the absolute percentage errot For example, the forecast error rate for March's sales is found by dividing the absolute value of the forecast error for this month by the actual sales volume for the month. The forecast error for any month (e.g., March) is defined as the difference between the actual sales volume for the month and the sales volume for that month forecasted 3 montis oarliler (e.g., December). Also, indicate for each month whether the actual sales volume was above or below the forecasted volume generated three months earlier. Complete this question by entering your answers in the tabs below. Prepare a schedule of forecasted sales, on a roling basis, for the months January throcigh June, inclusive. (Hint: There wil be only one forecasted number for January - this is the forecast done in December. For February, thene wili be two forecasts: one done in December and a tecond done in Januery. For June, there will be six forecests, one done in each of the preceding six manths.) You are given the following budgeted and actual data for the Grey Compeny for each of the niontis January trivough June of thie current year: May, 105 unks, Juno, 113 units. In January of the current yeat, sales for the months February through June were reforecasted as follows: Febcuary, 81 units, March, 93 units, Apri, 93 units; May, 95 units; June, 108 units, in February of the current yeac, saies for the inonths March through June were reforecasted as follows: March, 88 units, Aprit 98 units: May, 90 unita, Juno, 108 units. In March of the of the current year, sples for the months May and June were reforecauted as follows May, J5 units, June, 93 inits in May of the current yeat, soles for June were reforecasted as 93 units. Actaial sales for the skemonth period, January theough June, were as follows: January, 78 units, February, Bt units; Macch, 86 units Apri, 100 units, Moy, 107 units; June, 115 units Rectuired: 1. Prepare o schedule of forecasted sains, an a roling bass, for the mtonths January throggh Jume, inclusive. (hint: There will be orly one forecanted number for Janusry - this is the forecast done in December. For February, there wil be two forecasts: one dane in December and a secend done in January. For June, there wei be six forecasts, one done in each of the precedting six monthy) 2. For each of the monshs March through June, determine the 3imench forecast error rate, defined is 1 minus the absotite percentoge Ector, For axample, the forecast error rate for Marchis sates is found by dividing the absolute value of the forecast error for this month by the actud salas volume for the month. The forecast error for any month (o.g. March) is dofined as the difference betweten the actual sales volume for the month and the sulos volume for that month forecasted 3 months earlior (e)g. December). Also, indicate for each month whether the octual soles volume was above or below the forecasted volume generated three months earlier Complete this quention by entering your anwwers in the tabs below