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Amrit Based on the following data table, a) According to the above equation, predict demand for months 2 to 9 by using exponential smoothing method
Amrit Based on the following data table,
a) According to the above equation, predict demand for months 2 to 9 by using exponential smoothing method with α = 0.1 and forecast for first month equal to 50.
b) Calculate the MAD of the prediction.
Month (t) Demand 55 2. 56 3 64 4 60 5 63 49 61 60 700
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