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Problem 1 - 8 points YEAR 2019 2020 2021 2022 2023 FORECAST 11,800 13,100 14,325 17,030 ? ACTUAL 12,075 13,885 16,015 16,542 DEMAND A. Calculate

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Problem 1 - 8 points YEAR 2019 2020 2021 2022 2023 FORECAST 11,800 13,100 14,325 17,030 ? ACTUAL 12,075 13,885 16,015 16,542 DEMAND A. Calculate the MAD for the period 2020 - 2022 (2 points) B. Calculate the 2023 forecast using Exponential Smoothing. The smoothing constant (a) is 0.25. (2 points) C. Using the information below and your answer for B above, calculate the quarterly seasonal index and 2023 monthly forecast. (4 points) Sea. 2023 Month 2019 2020 2021 2022 X Index Forecast 1 st QTR 2900 3110 3210 3618 2nd QTR 3050 4175 4425 4517 3 nd QRT 3200 3250 3975 4011 4th QRT 2925 3350 4405 4396 Total

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