Amrit Based on the following data table, a) According to the above equation, predict demand for months 2 to 9 by using exponential smoothing method with 0 1 and forecast for first month equal to 50 b) Calculate the MAD of the prediction Month (t) Demand 55 2 56 3 64 4 60 5 63 49 61 60 700

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Question: Amrit Based on the following data table, a) According to the above equation, predict demand for months 2 to 9 by using exponential smoothing method

Amrit Based on the following data table,

Month (t) Demand 55 2. 56 3 64 4 60 5 63

a) According to the above equation, predict demand for months 2 to 9 by using exponential smoothing method with α = 0.1 and forecast for first month equal to 50.

b) Calculate the MAD of the prediction.

Month (t) Demand 55 2. 56 3 64 4 60 5 63 49 61 60 700

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