Question: 5. Given the following data what is the exponential smoothing forecast? (2 PTS) Predicted demand = 144 I Actual demand = 165 Smoothing constant a

5. Given the following data what is the exponential smoothing forecast? (2 PTS) Predicted demand = 144 I Actual demand = 165 Smoothing constant a = 20 6. Given the data in the following table calculate forecast crrors, absolute forecast errors, RSPE, and tracking signal. Comment on the magnitude of the tracking signal. (10 PTS.) Month Actual Sales Forecasted Sales Forecast Error (Fe) Absolute Forecast Error (ABS Fe) January 20 22 February 21 21 March 15 21 14 18 April May 13 16 June 16 14.50 RSFE = MAD Tracking Signal What is the tracking signal telling you? Is there significant bias in the forecast

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