Given the data shown below, use 0 2 and 0 4 to create a trend enhanced exponential smoothing forecast assuming FIT1 20 and T1 4 Then use 0 5 and F(1) 20 to create a simple exponential smoothing forecast Finally, create a 2 period moving average forecast Period 1 2 3 4 5 Demand 23 29 31 24 30 a Calculate the MFE and MAD for each model (Round your intermediate calculations and final answers to 1 decimal place ) MFE MAD Trend enhanced Model Simple exponential smoothing model 2 period moving average model

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Question: Given the data shown below, use = 0.2 and = 0.4 to create a trend- enhanced exponential smoothing forecast assuming FIT1 = 20 and T1

Given the data shown below, use = 0.2 and = 0.4 to create a trend- enhanced exponential smoothing forecast assuming FIT1 = 20 and T1 = 4. Then use = 0.5 and F(1) = 20 to create a simple exponential smoothing forecast. Finally, create a 2-period moving average forecast.

Period	1	2	3	4	5
Demand	23	29	31	24	30

a. Calculate the MFE and MAD for each model. (Round your intermediate calculations and final answers to 1 decimal place.)

	MFE	MAD
Trend enhanced Model
Simple exponential smoothing model
2 period moving average model

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