The following table contains the demand from the last 10 months:
a. Calculate the single exponential smoothing forecast for these data using an a of .30 and an initial forecast ( F1 ) of 31.
b. Calculate the exponential smoothing with trend forecast for these data using an a of .30 a d of .30 an initial trend forecast (T1) of 1
and an initial exponentially smoothed forecast (F1) of 30.
c. Calculate the mean absolute deviation (MAD) for each forecast. Which is best?
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