Question: Need help understanding the calculation step by step a) Calculate the forecast for month 5 using exponential forecasting using ? = 0.25. b) Calculate the
Need help understanding the calculation step by step
a) Calculate the forecast for month 5 using exponential forecasting using ? = 0.25.
b) Calculate the 2 month moving average for all available months.
c) Calculate the error for exponential smoothing and the 2 month MA using MSE and MAPE. Which forecasting technique provides the best forecast (be specific)?
| Month | Actual Demand | Exponential Forecast |
| 1 | 22 | 20 |
| 2 | 24 | |
| 3 | 25 | |
| 4 | 20 | |
| 5 |
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