Question: do not use excel please Demand Forecasting - More Practice Problems Based upon the following historical data, answer the following questions: a) Calculate the exponential

do not use excel please do not use excel please Demand Forecasting - More

Demand Forecasting - More Practice Problems Based upon the following historical data, answer the following questions: a) Calculate the exponential smoothing forecast for periods 2 to 12 using an initial forecast (Fl) of 250 and an alpha (a) of 0.30. b) Use MSE and MAPE to measure accuracy of the forecasting model. Month Month 1 2 3 4 5 6 Actual Demand 200 180 200 220 180 225 7 8 9 10 11 12 Actual Demand 300 325 290 265 240 200

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