Question: Problem 12-21 (Algo) Given the data shown below, use a=0.2 and p = 0.4 to create a trend-enhanced exponential smoothing forecast assuming FIT1 = 26

Problem 12-21 (Algo) Given the data shown below, use a=0.2 and p = 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 4 Period Demand 1 27 2 33 3 37 5 29 25 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 21 of 22 Next
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