View the step-by-step solution to: The ABC Floral Shop sold the following number of geraniums during

The ABC Floral Shop sold the following number of geraniums during the last two weeks: Day Demand Day Demand 1        200       8        150 2        134       9        182 3        157      10       197 4        165      11       136 5        177      12       163 6        125      13       157 7        146      14       169 I need to develop a spreadsheet to answer the questions. Calculate a forecast of the above demand using a three- and five-period moving average. Graph these forecasts and the original data using Excel. What does the graph show? Which of the above forecasts is best? Why?
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