Question: In reference to the above problem, compute for the accuracy of its forecast using MAD it will use the exponentially smoothed forecast with constant =

In reference to the above problem, compute for

In reference to the above problem, compute for the accuracy of its forecast using MAD

it will use the exponentially smoothed forecast with constant = 0.5

1. The manager of the Secreto Carpet outlet needs to be able to forecast accurately the demand for soft carpet, its biggest seller. If the manager does not order enough carpet from the carpet mill, customers will buy their carpets from one of Secreto's many competitors. The manager has collected the following demand data for the past eight months. Months Demand for Soft Carpet (1,000 yd) 2 7 9 5 15 11 10 12

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