Using the time series shown in Problem 16.3, answer the following questions: From Problem a. Forecast the
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From Problem
a. Forecast the demand for Period 9 using exponential smoothing with trend adjustment and setting α = 0.4 and β = 0.7.
b. Calculate the MAD for the forecast in part a.
Transcribed Image Text:
Period 3 4 5 6 7 8 Demand 15 24 26 33 20 22 27 20
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