Question: please have fit answer fit to scale, thanks! b. Using the same data, forecast demand using exponential smoothing. You are given an initial forecast for
please have fit answer fit to scale, thanks!
b. Using the same data, forecast demand using exponential smoothing. You are given an initial forecast for year 1. quarter 1 of 17. When generating your forecasts, assume that the smoothing coefficient is 0.10. (Leave no cells blank-be certain to enter "o" wherever required. Negative answers should be indicated by a minus sign. Round your forecast answers to 1 decimal place. Then, starting with quarter 1 of year 2, use these rounded forecast values to compute the error and absolute error answers. Enter those answers to 1 decimal place also.) Year Quarter Demand Error Exponential Smoothing 17.0 16.7 Absoluto Value Error 17.0 Year 1 01 Q2 03 Q4 Year 201 Q2 ala sio Q3 Year 3 04 Q1 02 14 20 20 20 19 22 18 18 21 22 28 32 38 30 36 38 44 04 Year 4 O2 03 04 Year 501 R&RORA 928 & 8%$& 36 03 58 Year 3 Q1 121 Q2 22 Q3 28 Q4 32 Year 4 Q1 36 30 Q2 Q3 36 38 Q4 Year 5 Q1 44 Q2 36 Q3 60 Q4 58 Year 6 Q1 69 Q2 62 63 Q3 Q4 R&R & SORROR 60 Year 7 Q1 Q2 Q3 61 70 69 Q4 75 Year 8 Q1 67 Q2 75 Q3 72 74 Q4 MFE MAD

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