Question: Considering the smoothing constant a = 0.6, Initial forecast = 120,000 Month Actual Sales USD Forecast January 95,000 120,000 February 92,000 105,000 March 81,000 97,200

Considering the smoothing constant a = 0.6, Initial forecast = 120,000

Month

Actual Sales USD

Forecast

January

95,000

120,000

February

92,000

105,000

March

81,000

97,200

April

77,000

87,480

May

86,000

81,192

June

84076.8

June sales?

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What are different Measures of Forecast Accuracy while calculating the model errors? estimate MAD, MSE, and MAPE errors.

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