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Simple Forecasting Techniques Here is data for the nast three months Fill in the forecasts for Month 4 using the following forecasting techniques Forecasting Metrics It is important to evaluate how well the forecasting methods are predicting future demands Evaluating forecasting accuracy metrics allows you to select the forecasting technique that best fits the demand patterns Using the forecast and actual demand above, calculate the metrics using all three months 3month metrics Exponential smoothing forecast technique Exponential smoothing tries to remove the variability of the forecast by placing a percentage of the forecast based on the fong term average and then a small amount based on the most recent demand 31 Exponential smoothing tries to remove the variability of the forecast by placing a percentage 32 of the forecast based on the long term average and then a small amount based on the most recent demand Linear regression forecasting technique The other techniques listed here do not respond well to linear trends. 41 4243Month1DemandMonth215Month317Month414Month519Month62020