Question: Develop an exponential smoothing forecast (a=0.2) for February 2019 through January 2020. Assume that your forecast for January 2019 was 95. Calculate the MFE, MAD,

Develop an exponential smoothing forecast (a=0.2) for February 2019 through January 2020. Assume that your forecast for January 2019 was 95. Calculate the MFE, MAD, and MAPE values for February through December 2019. Part 2 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

95

February

68

March

107

April

75

May

106

June

120

July

100

August

110

September

88

October

92

November

86

December

85

The forecast for January 2020 is enter your response here. (Enter your response rounded to one decimal place.)

The MFE is enter your response here. (Enter your response rounded to one decimal place and include a minus sign if necessary.) The MAD is enter your response here. (Enter your response rounded to one decimal place.) The MAPE is enter your response here%. (Enter your response rounded to one decimal place.

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