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The following tabulations are actual sales of units for six months and a starting forecast in January. ACTUAL FORECAST January 116 96 February 112 March
The following tabulations are actual sales of units for six months and a starting forecast in January.
ACTUAL | FORECAST | |
January | 116 | 96 |
February | 112 | |
March | 115 | |
April | 88 | |
May | 82 | |
June | 112 | |
a. Calculate forecasts for the remaining five months using simple exponential smoothing with = 0.3.
b. Calculate the MAD for all the forecasts, including January's. (Round your answer to 1 decimal place.)
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