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Given the data shown below, use = 0.1 and = 0.3 to create a trend- enhanced exponential smoothing forecast assuming FIT 1 = 35 and
Given the data shown below, use = 0.1 and = 0.3 to create a trend- enhanced exponential smoothing forecast assuming FIT1 = 35 and T1 = 3. Then use = 0.4 and F(1) = 35 to create a simple exponential smoothing forecast. Finally, create a 2-period moving average forecast.
Period | 1 | 2 | 3 | 4 | 5 |
Demand | 44 | 38 | 34 | 41 | 36 |
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a. Calculate the MFE and MAD for each model. (Round your intermediate calculations and final answers to 1 decimal place.)
MFE | MAD | |
Trend Enhanced Model | ||
Simple Exponential Smoothing Model | ||
2 period Moving Average Model |
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