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. (Please round your answers to 2 decimal places.)

period 1 2 3 4 5
7 9 5 9

(a) What would be a forecast for period 5?

(b) If the demand of period 5 turns out to be 12, what are the mean absolute deviation (MAD) of the forecasts?

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