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Kims department at a local department store has tracked the sales of a product over the last nine weeks. The demand can be seen in

  1. Kims department at a local department store has tracked the sales of a product over the last nine weeks. The demand can be seen in the table below.

Period Demand
1 24
2 23
3 26
4 36
5 26
6 30
7 32
8 26
9 25

  1. Forecast demand using exponential smoothing with an alpha of 0.3, and an initial forecast of 30.0 for period 2 to 9.
  2. Use a 5-period moving average, forecast the demand up to period 9

Using MAD, determine which forecasting technique is better.

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