Question: Given the following information, determine the forecast for the next period using exponential smoothing with an alpha of .55, and a forecast in the first

Given the following information, determine the forecast for the next period using exponential smoothing with an alpha of .55, and a forecast in the first period (Jan) of 56:

MONTH JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC DEMAND

58 67 88 77 89 44 56 67 48 56 78 69

a. What is the forecast for January [ Select ]

b. What is the MAD? [ Select ]

c. If a change occurred and if you are now only evaluating from June onward, with June's new forecast as 40 and with an Alpha of .34, what is the new forecast for January? [ Select ] , and the MAD? [ Select ]

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