Question: Develop an exponential smoothing forecast (a = 0.4) for February 2019 through January 2020. Assume that your forecast for January 2019 was 105. Calculate the

Develop an exponential smoothing forecast (a =Develop an exponential smoothing forecast (a =Develop an exponential smoothing forecast (a =

Develop an exponential smoothing forecast (a = 0.4) for February 2019 through January 2020. Assume that your forecast for January 2019 was 105. Calculate the MFE, MAD, and MAPE values for February through December 2019. Click the icon to view the time series data. 105 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 116 February 68 March 118 April 85 May 103 June 128 July 101 August 107 September 87 Month January 2019 February March April May June July August September October November December Demand 116 68 118 85 103 128 101 107 87 94 90 89 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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