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 4 through 10, develop the exponentially smoothed forecasts using a forecast for period 3(F3) of 45.0 and an alpha of 0.4.[3 marks]
ii. Calculate the weighted moving average for periods 4 through 10, using weights of
.70,.20, and .10, with 0.70 applied to the most recent data. [3 marks] iii. Calculate the mean absolute deviation (MAD) for each forecasting procedure.
Which forecasting procedure would you select? Why

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