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How do you calculate two year historical moving average, four year historical moving average and exponential smoothing using Excel? I have the following information: Year and Actual Sales for the past 8 years. Year 1 $8,4000,000 Year 2 $8,820,000 Year 3 $8,644,000 Year 4 $8,212,000 Year 5 $8,622,000 Year 6 $9,484,000 Year 7 $9,674,000 and Year 8 $10,060,000. I am being asked to forecast year 9 using several forecasts including 2 year historical moving average, 4 year hisorical moving average and exponential smoothing. For exponential smoothing I must choose the best coefficient comparing a=0.2 a=0.5 and a=0.8.
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