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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

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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