Question: Consider the data below: Periods Demand Moving Average Exponential 1 Exponential 2 Jan 269 - - - Feb 164 - - - Mar 314 -

Consider the data below:

Periods Demand Moving Average Exponential 1 Exponential 2
Jan 269 - - -
Feb 164 - - -
Mar 314 - - -
Apr 164 249 314 314
May 299 214 284 194
Jun 269 259 287 278
Jul 209 244 283.4 270.8
Aug 254 259 268.5 221.4
Sep 239 244 265.6 247.5
Oct 179 234 260.3 240.7
Nov 224 224 244 191.3
Dec 194 214 240 217.5

Which forecasting technique will you choose based on MAD?

a.

Moving Average

b.

both Exponential 1 and Exponential 2

c.

All models are equally good

d.

Exponential 1

e.

Exponential 2

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