Question: Develop an exponential smoothing forecast (a = 3) for February 2016 through 2017. Assume that your forecast for January 2016 was 100. Calculate te MFE,

Develop an exponential smoothing forecast (a = 3) for February 2016 through 2017. Assume that your forecast for January 2016 was 100. Calculate te MFE, MAD, and MAPE values for February through December 2017.

MONTH	DEMAND
January 2016	119
February	72
March	113
April	82
May	82
June	131
July	111
August	116
September	89
October	95
November	88
December	90

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