Question: Develop an exponential smoothing forecast (a = 0.2) for February 2019 through January 2020. Assume that your forecast for January 2019 was 70. Calculate the

Develop an exponential smoothing forecast (a =

Develop an exponential smoothing forecast (a = 0.2) for February 2019 through January 2020. Assume that your forecast for January 2019 was 70. Calculate the MFE, MAD, and MAPE values for February through December 2019. Click the icon to view the time series data. Find an exponential smoothing forecast for each period and fill-in the table below (enter your responses rounded to one decimal place). Demand Forecast 91 70 Month January 2019 February March 80 119 83 April May 102 June 123 11 July 115 August 105 September 86 October 92 November 90 December 91 The forecast for January 2020 is (Enter your response rounded to one decimal place.) The MFE is (Enter your response rounded to one decimal place and include a minus sign if necessary.) The MAD is (Enter your response rounded to one decimal place.) The MAPE is %. (Enter your response rounded to one decimal place.)

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