Using the time series shown in Problem 16.3, answer the following questions: a. Forecast the demand for
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Using the time series shown in Problem 16.3, answer the following questions:
a. Forecast the demand for Period 9 using exponential smoothing with trend adjustment and setting a = 0.4 and b = 0.7.
b. Calculate the MAD for the forecast in part a.
Applications AppendixLO1
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