Question: a = 0.7 Using Single or Simple exponential smoothing (SES) technique, what will be the forecasted sale for the month of June? Please see the

a = 0.7 Using Single or Simple exponential

a = 0.7

Using Single or Simple exponential smoothing (SES) technique, what will be the forecasted sale for the month of June? Please see the example in the excel sheet. Ft1=F1+(A1F1) Fi+1At=Forecastvaluefortimet+I=Actualvalueattimet=Smoothingconstant Considering the smoothing constant Initial forecast =123,000 Find out: a) Using nave method, what will be the forecasted sale for the month of June? b) Using Simple exponential method, what will be the forecasted sale for the month of June? c) What are different Measures of Forecast Accuracy while calculating the model errors? estimate MAD, MSE, and MAPE errors

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