Question: Given the data shown below, use a = 0.4 and = 0.6 to create a trend-enhanced exponential smoothing forecast assuming FIT, = 22 and T1

Given the data shown below, use a = 0.4 and = 0.6

Given the data shown below, use a = 0.4 and = 0.6 to create a trend-enhanced exponential smoothing forecast assuming FIT, = 22 and T1 = 2 Then use a=0.8 and F(1) = 22 to create a simple exponential smoothing forecast. Finally, create a 2-period moving average forecast Period Demand 1 27 2 27 3 31 4 26 5 29 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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