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Resources: Microsoft® Excel® USE THE DATA PROVIDED BELOW.Dev

Resources: Microsoft® Excel® USE THE DATA PROVIDED BELOW.Develop TWO quantitative forecasts(TIME SERIES) using Microsoft®Excel®.• SIMPLE MOVING AVERAGE: See page 472, Exhibit 18.4 (Ch 18).Develop only a 3 week moving average for the data shown in Exhibit18.4.(caution, I chage the data below). Your text already shows theanswers, i.e. the value of 1067 shown for week 4 is the moving averagefor weeks 1-3, therefore the estimataed forecast for week 4, givenactuals of 800,1400, and 1000 is 1067. SO TO MAKE THIS MOREFUN, USE THIS DATA:WEEK DEMAND 3 WEEK FORECAST1 900(see, I just added 100 to each value from the exhibit18.4 chart.2 15003 11004 1600 ___________5 1600 ____________6 1400 ____________7 1900 _______________8 1800 ____________WHAT IS THE THE 3 WEEK SIMPLE MOVING AVERAGE FORWEEKS 4-8? Complete each week, like exhibit 18.4 through week 8.• WEIGHTED MOVING AVERAGE: See example p 448. Keeping theweights of .4, .3, .2, and .1, what is the week 5 weighted movingaveagbe for the data above in this syllabus (900, 1500, 1100, and1600)? The week 5 weighted moving average ? ___________. Howdoes this compare to the simple moving average you calculated abaovefor week 5? Which time series modle do you like best for youroperation?Develop : While you could include a word.doc if you want, the onlydeliverable is the Excel file showing both the simple and weightedmoving average. Start be putting the data into an excel file, then letexcel do the work for you to fill in the rest of the the chart

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