Problem 12-7 (Algo) 2 Using a = 0.6 and the following data, compute exponential smoothing forecasts for periods 2 through 8. (Round your intermediate calculations and final answers to 2 decimal places.) 10 points N 3 4 5 6 7 Period: Forecast: Actual demand: 1 11 13 Skipped 15 19 15 17 16 13 picture Click here for the Excel Data File eBook Period Exponential Smoothing Forecasts Hint 2 3 4 References 5 6 7 8 Problem 12-21 (Algo) 00 Given the data shown below, use a = 0.1 and B = 0.2 to create a trend- enhanced exponential smoothing forecast assuming FIT1 = 24 and T1 = 3. Then use a = 0.6 and F(1) = 24 to create a simple exponential smoothing forecast. Finally, create a 2-period moving average forecast 10 points Skipped Period Demand 1 26 2 28 3 34 4 32 5 35 eBook a. Calculate the MFE and MAD for each model. (Round your intermediate calculations and final answers to 1 decimal place.) MFE MAD References Trend enhanced model Simple exponential smoothing model 2 period moving average model b. Which model is best? Trend-enhanced model Simple exponential smoothing model 2 period moving average model