Question: A computer software firm has experienced the following demand for its Personal Finance software package: Period Units 1 56 2 61 3 55 4 70

  • A computer software firm has experienced the following demand for its Personal Finance software package:

Period

Units

1

56

2

61

3

55

4

70

5

66

6

65

7

72

8

75

Develop an exponential smoothing forecast, using a = .40, and an adjusted exponential smoothing forecast, using a = .40 and b = .20. Compare the accuracy of the two forecasts, using MAD and cumulative error.

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