Question: Develop an exponential smoothing forecast (alphaequals=0.3) for February 2019 through January 2020. Assume that your forecast for January 2019 was 100. Calculate the MFE, MAD,
Develop an exponential smoothing forecast (alphaequals=0.3) for February 2019 through January 2020. Assume that your forecast for January 2019 was 100. Calculate the MFE, MAD, and MAPE values for February through December 2019.

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Find an exponential smoothing forecast for each period and fill-in the table below (enter your responses rounded to one decimal place). Forecast Demand 119 Month January 2019 February March April May June July 00000000000 August September October November December 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.)Step by Step Solution
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