Question: Given the following data, use exponential smoothing ( = 0.2) to develop a demand forecast for period 5. Assume the forecast for the initial period

Given the following data, use exponential smoothing ( = 0.2) to develop a demand forecast for period 5. Assume the forecast for the initial period is 5 a. What would be a forecast for period 5? Period Demand Forecast 1 7 5 2 9 3 5 4 9 5 - b. If the demand of period 5 turns out to be 12, what is the mean absolute deviation (MAD) of the forecasts?

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