Question: help needed! thank you!! Develop an exponential smoothing forecast (a = 0.5) for February 2019 through January 2020. Assume that your forecast for January 2019

help needed! thank you!! help needed! thank you!! Develop an exponential smoothing forecast (a = 0.5)

Develop an exponential smoothing forecast (a = 0.5) for February 2019 through January 2020. Assume that your forecast for January 2019 was 80. Calculate the MFE, MAD, and MAPE values for February through December 2019 Click the icon to view the time series data Find an exponential smoothing forecast for each period and fill-in the table below (enter your responses rounded to one decimal place) - X Month Demand Forecast January 2019 80 February 73 More Info 109 Month January 2019 February March April May June July August September October November December Demand 109 73 108 83 106 121 115 109 99 97 81 92

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!