Question: Given the following data: Prepare a forecast using smoothing constant = 0 . 4 0 . a ) Subjective estimate ( for this example, use

Given the following data:
Prepare a forecast using smoothing constant =0.40.
a) Subjective estimate (for this example, use 60).
b) First actual value (nave approach).Given the following data, compute MAD, MSE, and MAPE for the following data. Then, please compute the standard deviation of forecast error using the first eight months.
\table[[Months,Demand,Forecast],[1,210,222],[2,240,235],[3,230,225],[4,240,245],[5,280,265],[6,222,250],[7,220,220],[8,250,273]]

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