Question: Given the following data use exponential smoothing (a = 0.2) to develop a demand forecast for period 6 Assume the forecast for the initial period

Given the following data use exponential

Given the following data use exponential smoothing (a = 0.2) to develop a demand forecast for period 6 Assume the forecast for the initial period is 5. Period 1 2 3 4 Demand 7 9 5 9 13 a What would be a forecast for period 62 (Please, round to two decimal places) Period 6 forecast = b. If the demand of period 6 turns out to be 12 what are the mean absolute deviation (MAD) of the forecasts? (Please, round to two decimal places) MAD = Enter your answer in each of the answer boxes

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