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 α = 0.1 and forecast for first month equal to 50.

b) Calculate the MAD of the prediction.

Transcribed Image Text:

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