Question: Problem 12-21 (Algo) = = Given the data shown below, use a = 0.2 and = 0.4 to create a trend- enhanced exponential smoothing forecast

Problem 12-21 (Algo) = = Given the data shown

Problem 12-21 (Algo) = = Given the data shown below, use a = 0.2 and = 0.4 to create a trend- enhanced exponential smoothing forecast assuming FIT1 = 26 and T1 = 4. Then use a = 0.8 and F(1) = 26 to create a simple exponential smoothing forecast. Finally, create a 2-period moving average forecast. = 1 Period Demand 2 33 3 37 4 25 5 29 27 a. Calculate the MFE and MAD for each model. (Round your intermediate calculations and final answers to 1 decimal place.) MFE MAD Trend enhanced model Simple exponential smoothing model 2 period moving average model

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