Question: i . First, for periods 4 through 1 0 , develop the exponentially smoothed forecasts using a forecast for period 3 ( F 3 )
i First, for periods through develop the exponentially smoothed forecasts using a forecast for period F of and an alpha of marks
ii Calculate the weighted moving average for periods through using weights of
and with applied to the most recent data. marks iii. Calculate the mean absolute deviation MAD for each forecasting procedure.
Which forecasting procedure would you select? Why
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