Question: Please show your work for each question. Thank you so much for your help. Jim's department at a local department store has tracked the sales
Please show your work for each question.
Thank you so much for your help.
Jim's department at a local department store has tracked the sales of a product over the last ten weeks. Forecast demand using exponential smoothing with an alpha of 0.3, and an initial forecast of 30.0 for period 1. Calculate the MAD covering periods 2-10. Calculate the tracking signal covering periods 2-10. What do you recommend?
| Period | Demand |
| 1 | 24 |
| 2 | 23 |
| 3 | 26 |
| 4 | 36 |
| 5 | 26 |
| 6 | 30 |
| 7 | 32 |
| 8 | 26 |
| 9 | 25 |
| 10 | 28 |
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