Question: Instructions Compute the problem with complete solutions (before the table). No decimal points e.g. 12,394.67 should be 12,394, decimal points are allowed if averaging and
Instructions Compute the problem with complete solutions (before the table). No decimal points e.g. 12,394.67 should be 12,394, decimal points are allowed if averaging and percentage. Scan or take picture of your answer (must be readable). Submit it here. In October 2022, a soap dealer predicted November demand for 10,800 whitening soaps. The actual November 2022 was 11,726 soaps. Using the smoothing constant chosen by the dealer of =.30 and .50, the dealer wants to know the forecast demand for the succeeding months and which of the 2 smoothing constants is better. Find the 6 months' Demand if the actual demand increase by 2% per month and use the forecasted demand as the previous demand; and the error. If, you are the dealer which of the 2 smoothing constants, you are going to use? Show the comparison of forecast errors using a table (MAD, MSE, and MAPE)
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