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NOTE: PLEASE ONLY ANSWER QUESTION 37 . THE OTHER PICTURES (FIRST TWO PICTURES) IS FOR CONTEXT ONLY. THANK YOU! Consider the following actual demand and
NOTE: PLEASE ONLY ANSWER QUESTION 37 . THE OTHER PICTURES (FIRST TWO PICTURES) IS FOR CONTEXT ONLY. THANK YOU!
Consider the following actual demand and forecast data for Macon Commercial Chocolate a regional manufacturer of chocolate power. All data is in lbs. Month Forecast Actual 1 2900 3002 2 2992 3007 3 3005 3219 4 3198 3360 5 3024 2890 6 2903 2644 7 2670 2349 8 2381 2680 9 2650 2903 10 11 12 7 2670 2349 8 2381 2680 2650 2903 10 11 12 Develop a forecast for month 10 using exponential smoothing with a smoothing constant of .9. Select the answer that best matches yours. Note that the forecast in month 1 (2900) was estimated ("picked") and was not derived from the forecasting model Question 37 2 pts What is the Mean Forecast Error for the Macon Commercial Chocolate forecasting model. Round to the nearest 1/100 of a point (example 15.66). This Problem Counts 2 Points
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