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

A computer software firm has experienced the following demand for its "Personal Finance" software package Period Units Forecast MAD 1 56 2 61 3 55 4 70 5 66 6 65 7 72 8 75 Develop an exponential smoothing forecast using a = 0.40. Calculate the MAD for this set of data. Starting forecast for Period 1 is 56

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