Question: Given the data shown below, use a = 0.5 and B = 0.6 to create a trend- enhanced exponential smoothing forecast assuming FIT1 = 29

Given the data shown below, use a = 0.5 and B = 0.6 to create a trend- enhanced exponential smoothing forecast assuming FIT1 = 29 and T1= 6. Then use a=0.8 and f(1) = 29 to create a simple exponential smoothing forecast. Finally, create a 2-period moving average forecast. Period Demand 1 31 23 34 37 4 36 5 39 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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