Question: a) Calculate the forecast for month 5 using exponential forecasting using a = 0.25. b) Calculate the 2 month moving average for all available months.

a) Calculate the forecast for month 5 using exponential forecasting using a = 0.25. b) Calculate the 2 month moving average for all available months. c) Calculate the error for exponential smoothing and the 2 month MA using MAPE. Which forecasting technique provides the best forecast (be specific)? Month Actual Demand Exponential Forecast 1 1 22 20 N 23 3 25 4 20 5 5

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