Question: Problem 12-21 (Algo) Given the data shown below. use a -0.2 and 3-0.4 to create a trend enhanced exponential smoothing forecast assuming FIT, = 20

Problem 12-21 (Algo) Given the data shown below. use a -0.2 and 3-0.4 to create a trend enhanced exponential smoothing forecast assuming FIT, = 20 and Ty=4. Then use a = 05 and F(t) = 20 to create a simple exponential smoothing forecast. Finally, create a 2-period moving average forecast Period Demand 1 23 2 29 24 a. Calculate the MFE and MAD for each model (Round your intermediate calculations and final answers to 1 decimal place.) MEE MAD Trend enhanced model Simple exponentia moothing model 2 period moving average model b. Which model is best? O 2 period moving average model Trend-enhanced model Simple exponential smoothing model . Prav OS Next

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