Answer the following questions using the data from the Excel file average bonus xlsx from Problem 16 43 From Problem a Using exponential smoothing with Icirc plusmn 0 5, forecast the average cash bonus for a financial investment employee in New York City in 2013 b Calculate the MAD for the forecast in part a c Using exponential smoothing with trend adjustment, Icirc plusmn 0 5 and Icirc sup2 0 5, forecast the average cash bonus for a financial investment employee in New York City in 2013 d Calculate the MAD for the forecast in part c e Which forecast do you have most confidence in Year 2005 2006 2007 2008 Average Bonus ($000) 149 8 1914 Year 2009 2010 2011 2012 Average Bonus ($000) 140 6 139 0 100 9 121 9

Question: Answer the following questions using the data from the Excel file average bonus. xlsx from Problem 16.43. From Problem a. Using exponential smoothing with Î±

Answer the following questions using the data from the Excel file average bonus. xlsx from Problem 16.43.
From Problem

a. Using exponential smoothing with Î± = 0.5, forecast the average cash bonus for a financial investment employee in New York City in 2013.
b. Calculate the MAD for the forecast in part a.
c. Using exponential smoothing with trend adjustment, Î± = 0.5 and Î² = 0.5, forecast the average cash bonus for a financial investment employee in New York City in 2013.
d. Calculate the MAD for the forecast in part c.
e. Which forecast do you have most confidence in?

Year 2005 2006 2007 2008 Average Bonus ($000) 149.8 1914 Year 2009 2010 2011 2012 Average Bonus ($000) 140.6 139.0 100.9 121.9

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