Question: Given the data shown below, use a = 0.4 and 3 = 0.6 to create a trend- enhanced exponential smoothing forecast assuming FIT = 22

Given the data shown below, use a = 0.4 and 3 =

Given the data shown below, use a = 0.4 and 3 = 0.6 to create a trend- enhanced exponential smoothing forecast assuming FIT = 22 and T =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 2 3 27 27 31 4 5 26 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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