Question: Based on the following data, complete empty cells of the table by using the Exponential Smoothing method. Then, Forecast the value of Month 9 and
Based on the following data, complete empty cells of the table by using the Exponential Smoothing method. Then, Forecast the value of Month 9 and compute the MAD. ( 0.2 and consider the forecast of the first month equal to 60). Month Real observations Forecast, Forecast error, Absolute Deviation, MAD.
Year real observations.
1 65
2 70
3 75
4 70
5 60
6 65
7 75
8 80
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