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The following tabulations are actual sales of units for six months and a starting forecast in January. FORECAST 98 January February March April May June
The following tabulations are actual sales of units for six months and a starting forecast in January. FORECAST 98 January February March April May June ACTUAL 108 92 113 89 February March April May June 68 8 2 a. Calculate forecasts for the remaining five months using simple exponential smoothing with a = 0.4. 92 Mean absolute deviation Forecasts b. Calculate the Mean Absolute Deviation for all the forecasts, including January's. Note: Round your answer to 1 decimal place.
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