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Using the martingale method of forecast evolution (MMFE) of heath and Jackson and obtain a formula for the mean and variance of the lead time demand and apply these formulas to specific demand models. The Martingale Method of Forecast Evolutions…

I need to use excel to solve the problems…. Needs to be familiar with excel spreadsheets. Like in prob one you need to use the trend function in the formula bar to forecast sales in 2004. © BrainMass Inc. brainmass.com…