Question: Problem 12-21 (Algo) Given the data shown below. use a = 0.2 and B = 0.3 to create a trend enhanced exponential smoothing forecast assuming

Problem 12-21 (Algo) Given the data shown below. use a = 0.2 and B = 0.3 to create a trend enhanced exponential smoothing forecast assuming FIT = 25 and T1 = 4. Then use a=0.7 and F(1) = 25 to create a simple exponential smoothing forecast. Finally, create a 2-period moving average forecast Period Demand 1 31 2 27 3 30 4 32 5 32 1 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? 2 period moving average model O Trend-enhanced model Simple exponential smoothing model

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