Question: Calculate the forecast for month 5 using exponential forecasting using a = 0.25. b) Calculate the 2 month moving average for all available months.
Calculate the forecast for month 5 using exponential forecasting using a = 0.25. b) Calculate the 2 month moving average for all available months. c) Calculate the error for exponential smoothing and the 2 month MA using MAPE. Which forecasting technique provides the best forecast (be specific)? Month 1 2 3 4 01 5 Actual Demand 22 23 24 21 Exponential Forecast 20
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