Question: Problem 12-21 (Algo) Given the data shown below, use a = 0.4 and B = 0.5 to create a trend- enhanced exponential smoothing forecast assuming

Problem 12-21 (Algo) Given the data shown below, use a = 0.4 and B = 0.5 to create a trend- enhanced exponential smoothing forecast assuming FIT1 = 27 and T1 = 2. Then use a = 0.9 and f(1) = 27 to create a simple exponential smoothing forecast. Finally, create a 2-period moving average forecast Period Demand 1 35 2 34 3 35 4 42 46 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 b. Which model is best? Trend-enhanced model Simple exponential smoothing model O2 period moving average model

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