Question: 1. Use exponential smoothing with a = 0.4 and a =0.8 to forecast. Then compare the forecasting accuracy of the two exponential smoothing constants on

1. Use exponential smoothing with a = 0.4 and a
1. Use exponential smoothing with a = 0.4 and a =0.8 to forecast. Then compare the forecasting accuracy of the two exponential smoothing constants on the basis of MAD. Assume the initial forecast for the first period is 8 (keep 2 decimal places in your answer). Period Demand 1 10 8 2 3 7 4 12 un 14

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