Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following tabulations are actual sales of units for six months and a starting forecast in January. ACTUAL FORECAST January 1 0 6 8 6
The following tabulations are actual sales of units for six months and a starting forecast in January. ACTUAL FORECAST January February March April May June a Calculate forecasts for the remaining five months using simple exponential smoothing with alpha b Calculate the MAD for all the forecasts, including January's. Round your answer to decimal place.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started