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The following table contains the demand from the last 1 0 months: MONTH ACTUAL DEMAND 1 3 7 2 4 0 3 4 1 4
The following table contains the demand from the last months:
MONTH ACTUAL DEMAND
a Calculate the single exponential smoothing forecast for these data using an alpha of and an initial forecast F
of
Note: Round your intermediate calculations and answers to decimal places.
b Calculate the exponential smoothing with trend forecast for these data using an alpha of a delta of an initial trend forecast T
of and an initial exponentially smoothed forecast F
of
Note: Round your intermediate calculations and answers to decimal places.
c Calculate the mean absolute deviation MAD for the last nine months of forecasts.
Note: Round your intermediate calculations and answers to decimal places.
c Which is best?
multiple choice
Exponential smoothing with trend forecast
Single exponential smoothing forecast
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