PROVIDE DETAILED SOLUTION

Develop an exponential smoothing forecast (a = 0.4) for February 2019 through January 2020. Assume that your forecast for January 2019 was 70. Calculate the MFE, MAD, and MAPE values for February through December 2019. Click the icon to view the time series data. Find an exponential smoothing forecast for each period and fill-in the table below (enter your responses rounded to one decimal place). Demand 110 Forecast 70 Month January 2019 February March 73 104 April 78 May 86 June 139 July 102 August 106 September 90 October 104 November 90 December 92 The forecast for January 2020 is (Enter your response rounded to one decimal place.) The MFE is (Enter your response rounded to one decimal place and include a minus sign if necessary.) The MAD is (Enter your response rounded to one decimal place.) The MAPE is %. (Enter your response rounded to one decimal place.)