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 MFE, MAD,

Develop an exponential smoothing forecast (a=0.2)

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). Month January 2019 Demand 108 Forecast 70 February 79 March 106 April 77 April 77 May 84 June 137 107 July August September 115 DDDDDDDDD 88 October 105 November 91 December 95 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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