Question: Find out: a) Using nave method, what will be the forecasted sale for the month of June? b) Using Simple exponential method, what will be

Find out: a) Using nave method, what will be the forecasted sale for the month of June? b) Using Simple exponential method, what will be the forecasted sale for the month of June? c) What are different Measures of Forecast Accuracy while calculating the model errors? estimate MAD, MSE, and MAPE errors. Using Single or Simple exponential smoothing (SES) technique, what will be the forecasted sale for the month of June? Please see the example in the excel sheet. t F. = F + a(A-F) F2 t+1 Forecast value for time t+1 Actual value at time a Smoothing constant Considering the smoothing constant a=0.7, Initial forecast FA+ At - 123,000 Forecast Month January February March April May June Actual Sales USD 98,000 92,000 85.000 76,000 88,000 June sales

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