Question: 1. Use exponential smoothing with a = 0.5 and a=0.9 to forecast. Then compare the forecasting accuracy of the two exponential smoothing constants on the

1. Use exponential smoothing with a = 0.5 and a=0.9 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 12 (keep 2 decimal places in your answer). Period Demand 1 10 2 8 3 7 4 12 5 14

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