Question: Given the data shown below, use a = 0.2 and 3 = 0.3 to create a trend-enhanced exponential smoothing forecast assuming FIT1= 31 and Ty=4.

Given the data shown below, use a = 0.2 and 3 = 0.3 to create a trend-enhanced exponential smoothing forecast assuming FIT1= 31 and Ty=4. Then use a = 0.5 and F(t) = 31 to create a simple exponential smoothing forecast. Finally, create a 2-period moving average forecast Period Demand 1 32 3 32 4 36 35 5 41 a. Calculate the MFE and MAD for each mode. (Round your intermediate calculations and final answers to 1 decimal place.) Answer is complete but not entirely correct. MFE MAD Trend enhanced model 3.4 3.4 Simple exponential smoothing 27 3.2 model 2 period moving average model 2.7 3.7

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