Question: Given the following historical data, which do you think would be better to use? (Round answers to 2 decimal place, e.g. 15.25) Demand Week (lab

Given the following historical data, which do you

Given the following historical data, which do you think would be better to use? (Round answers to 2 decimal place, e.g. 15.25) Demand Week (lab requirements) 1 347 2 340 3 332 4 360 5 377 6 337 Forecasts using a = 0.1, MAD 13.24 Forecasts using a = 0.7, MAD 16.53 Using a=0.1 provides a better historical fit based on the MAD criterion. eTextbook and Media

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