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Using exponential smoothing with an alpha of 0.2, forecast demand for January and February of this year. Find the deviation and MAD for each of
Using exponential smoothing with an alpha of 0.2, forecast demand for January and February of this year.
Find the deviation and MAD for each of the methods in #4a-#4c, and highlight the method that yields the most accurate forecast. Using an assumption that actual sales are going to be about 14,500 monthly, use the most accurate forecasting method to forecast demand for January through March of this year.
Table C2-4: Last Year's Sales | ||
Month | Sales | |
Jan | 13,100 | |
Feb | 13,820 | |
Mar | 14,600 | |
Apr | 13,500 | |
May | 13,670 | |
Jun | 15,890 | |
Jul | 16,270 | |
Aug | 16,250 | |
Sep | 15,800 | |
Oct | 14,800 | |
Nov | 13,950 | |
Dec | 13,800 |
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