Question: Consider the data below: Periods Demand Exponential 1 Exponential 2 Moving Average Jan 283 Feb 193 Mar 253 223 243 253 253 Apr May Jun

Consider the data below: Periods Demand

Consider the data below: Periods Demand Exponential 1 Exponential 2 Moving Average Jan 283 Feb 193 Mar 253 223 243 253 253 Apr May Jun 223 223 247 229 268 233 242.2 224.2 Jul 313 247.4 259.2 238 268 178 260.5 302.2 Aug Sep Oct 238 253 244 202.8 253 243 242.8 231 Nov 298 223 244.8 248.6 Dec 313 263 255.4 288.1 Which forecasting technique will you choose based on MAD? a. Exponential 2 b. Exponential 1 c. both Exponential 1 and Exponential 2 d. Moving Average e. All models are equally good

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