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ACTUA… Show more Problem 3-5 The following table contains

Paper help Economics ACTUA… Show more Problem 3-5 The following table contains

Economics

ACTUA… Show more Problem 3-5 The following table contains

ACTUA… Show more Problem 3-5 The following table contains the demand from the last 10 months: MONTH ACTUAL DEMAND 1 37 2 40 3 41 4 42 5 44 6 39 7 44 8 45 9 48 10 47 a. Calculate the single exponential smoothing forecast for these data using an α of 0.40 and an initial forecast (F1) of 37. (Round your answers to 2 decimal places.) Month Exponential Smoothing 1 2 3 4 5 6 7 8 9 10 b. Calculate the exponential smoothing with trend forecast for these data using an α of 0.40, a of 0.40, an initial trend forecast (T1) of 1.00, and an initial exponentially smoothed forecast (F1) of 36. (Round your answers to 2 decimal places.) Month FITt 1 2 3 4 5 6 7 8 9 10 c-1. Calculate the mean absolute deviation (MAD) for the last nine months of forecasts. (Round your answers to 2 decimal places.) MAD Single exponential smoothing forecast Exponential smoothing with trend forecast • Show less

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