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

a) 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. b) Using naive method, what will be the forecasted sale for the month of June? Ft+1=Ft+(AtF) Ft+1= Forecast value for time t+1 = Actual value at time t = Smoothing constant Considering the smoothing constant =0.6, Initial forecast =114,000 Question 5. b) What are different Measures of Forecast Accuracy while calculating the model errors? c) Estimate MAD, MSE, MAPE from the table in Question 4

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