Question: Problem 1 8 - 2 2 ( Algo ) Your manager is trying to determine what forecasting method to use. Based upon the following historical
Problem Algo
Your manager is trying to determine what forecasting method to use. Based upon the following historical data, calculate the following forecast and specify what procedure you would utilize.
tableMONTHACTUAL DEMAND
e Calculate the mean absolute deviation MAD for the forecasts made by each technique in periods Note: Do not round intermediate calculations. Round your answers to decimal places.
tableThreemonth moving average,tableMean AbsoluteDeviationThreemonth weighted moving average,Single exponential smoothing forecast,Exponential smoothing with trend,just need the bottom two!
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