Question: Using the time series shown in Problem 16.3, answer the following questions: a. Forecast the demand for Period 9 using exponential smoothing with trend adjustment

Using the time series shown in Problem 16.3, answer the following questions:

a. Forecast the demand for Period 9 using exponential smoothing with trend adjustment and setting a = 0.4 and b = 0.7.

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

Applications AppendixLO1

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