Answer the following questions using the data from the Excel file average bonus xlsx from Problem 16 43 a Using exponential smoothing with 0 5, forecast the average cash bonus for a financial investment employee in New York City in 2018 b Calculate the MAD for the forecast in part a c Using exponential smoothing with trend adjustment, 0 5 and 0 5, forecast the average cash bonus for a financial investment employee in New York City in 2018 d Calculate the MAD for the forecast in part c e Which forecast do you have most confidence in Average Bonus ($00) Average Bonus ($000) Year Year 2010 139 0 2014 160 3 2011 111 4 2015 136 8 2012 142 9 2016 157 7 2013 169 8 2017 184 2

Question: Answer the following questions using the data from the Excel file average bonus.xlsx from Problem 16.43. a. Using exponential smoothing with = 0.5, forecast

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

Average Bonus ($00) Average Bonus ($000) Year Year 2010 139.0 2014 160.3 2011 111.4 2015 136.8 2012 142.9 2016 157.7 2013 169.8 2017 184.2

a. Using exponential smoothing with α = 0.5, forecast the average cash bonus for a financial investment employee in New York City in 2018.

b. Calculate the MAD for the forecast in part a.

c. Using exponential smoothing with trend adjustment, α = 0.5 and β = 0.5, forecast the average cash bonus for a financial investment employee in New York City in 2018.

d. Calculate the MAD for the forecast in part c.

e. Which forecast do you have most confidence in?

Average Bonus ($00) Average Bonus ($000) Year Year 2010 139.0 2014 160.3 2011 111.4 2015 136.8 2012 142.9 2016 157.7 2013 169.8 2017 184.2

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