Question: Given forecast errors of 1,4,8, and 10.0 , what is the mean absolute deviation? (round to two decimal place) Your Answer: Your Answer Question 15

Given forecast errors of 1,4,8, and 10.0 , what is the mean absolute deviation? (round to two decimal place) Your Answer: Your Answer Question 15 (1 point) Suppose that the actual demand in period 1 was 10 units and the actual demand in period 2 was 9 units. Assume that the forecast for period 1 was for 8 units. If the firm uses exponential smoothing with an alpha value of 0.3 , what should be the forecast for period 3 ? (Round answer to two decimal places.) Your Answer: Your

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