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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