Question: Develop an exponential smoothing forecast (=0.5) for February 2019 through January 2020. Assume that your forecast for January 2019 was 130. Calculate the MFE, MAD,
Develop an exponential smoothing forecast
(=0.5)
for February 2019 through January 2020. Assume that your forecast for January 2019 was
130.
Calculate the MFE, MAD, and MAPE values for February through December 2019.
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Find an exponential smoothing forecast for each period and fill-in the table below (enter your responses rounded to one decimal place).
| Month | Demand | Forecast |
| January 2019 | 95 | 130 |
| February | 66 | nothing |
| March | 94 | nothing |
| April | 89 | nothing |
| May | 92 | nothing |
| June | 128 | nothing |
| July | 105 | nothing |
| August | 105 | nothing |
| September | 94 | nothing |
| October | 93 | nothing |
| November | 93 | nothing |
| December | 85 | nothing |
The forecast for January 2020 is
nothing.
(Enter your response rounded to one decimal place.)
The MFE is
nothing.
(Enter your response rounded to one decimal place and include a minus sign if necessary.)
The MAD is
nothing.
(Enter your response rounded to one decimal place.)
The MAPE is
nothing%.
(Enter your response rounded to one decimal place.)
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