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 Demand 1 2 - 3 4 5 a What would be a forecast for period 6? (Please, round to two decimal places) Period 6 forecast = b If the demand of period 6 turns out to be 12, what is the mean absolute deviation (MAD) of the forecasts? (Please, round to two decimal places) MAD =

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