Question: Develop an exponential smoothing forecast (a=0.4) for February 2019 through January 2020. Assume that your forecast for January 2019 was 80. Calculate the MFE, MAD,

Develop an exponential smoothing forecast (a=0.4)

Develop an exponential smoothing forecast (a=0.4) for February 2019 through January 2020. Assume that your forecast for January 2019 was 80. 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 February March Demand 101 69 Forecast 80 88.4 80.64 112 April 77 93.184 May 104 86.7104 June 132 93.63 95 108.978 109 103.4 July August September October 92 105.6 100 100.2 November 94 100.1 December 89 97.7 The forecast for January 2020 is 94.2. (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.) - More info Month January 2019 February March April May June July August September October November December Demand 101 69 112 77 104 132 95 109 92 100 94 89 Print Done

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