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A computer software firm has experienced the following demand for its Personal Finance software package: Period Units 1 56 2 61 3 55 4 70
- A computer software firm has experienced the following demand for its Personal Finance software package:
Period | Units |
1 | 56 |
2 | 61 |
3 | 55 |
4 | 70 |
5 | 66 |
6 | 65 |
7 | 72 |
8 | 75 |
Develop an exponential smoothing forecast, using a = .40, and an adjusted exponential smoothing forecast, using a = .40 and b = .20. Compare the accuracy of the two forecasts, using MAD and cumulative error.
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