Question: Problem 3-22 (Static) Your manager is trying to determine what forecasting method to use. Based on the following historical data, calculate the following forecast and

Problem 3-22 (Static) Your manager is trying to determine what forecasting method to use. Based on the following historical data, calculate the following forecast and specify what procedure you would utilize MONTH 1 2 3 4 5 6 7 8 ACTUAL DEMAND 62 65 67 68 71 73 76 78 78 88 84 85 BRRRR 10 11 12 d. Calculate the exponential smoothing with trend component forecast for periods 2-12 using an initial trend forecast (T4 of 1.8, an initial exponential smoothing forecast (F) of 60, an a of 0.30, and a b of 0.30. (Round your answers to 3 decimal places.) Month Exponential Smoothing with Trend 2 3 4 5 6 7 8 9 10 11 12 e-1. Calculate the mean absolute deviation (MAD) for the forecasts made by each technique in periods 4-12.(Round your answers to 3 decimal places.) Mean Absoluto Deviation Three-month moving average Three-month weighted moving average Single exponential smoothing forecast Exponential smoothing with trend

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