Question: Answer using Excel a. Given an actual latest demand of 105, a previous forecast of 97, and a = 0.4, what would be the forecast

Answer using Excel a. Given an actual latest

Answer using Excel

a. Given an actual latest demand of 105, a previous forecast of 97, and a = 0.4, what would be the forecast for the next period using the exponential smoothing method? b. Given forecast errors of 5, 0, 4, and 3, what is the mean square error? C. Given forecast errors of -5, -10, and 15, what is the mean absolute deviation? d. The president of State University wants to forecast student enrollment for this academic year based on the following historical data: Year Enrollments 5 years ago 15,000 4 years ago 16,000 3 years ago 18,000 2 years ago 20,000 Last year 21,000 What is the forecast for this year using a moving-average forecast based on the last four years

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