Question: a) b) Given forecast errors of -1, 4, 8, and 3.5, what is the mean absolute deviation? (round to two decimal place) Your Answer: Your

Given forecast errors of -1, 4, 8, and 3.5, what is the mean absolute deviation? (round to two decimal place) Your Answer: Your Answer Suppose that the actual demand in period 1 was 10 units and the actual demand in period 2 was 9 units. Assume that the forecast for period 1 was for 8 units. If the firm uses exponential smoothing with an alpha value of 0.4, what should be the forecast for period 3? (Round answer to two decimal places.) Your

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