Question: Q5 A local retailer is thinking to use exponential smoothing to forecast one of his well selling products. His problem is that he is not

Q5 A local retailer is thinking to use
Q5 A local retailer is thinking to use exponential smoothing to forecast one of his well selling products. His problem is that he is not sure if he has to use a low or high value of a. For this reason he uses the historical data available and tries with values for a=0.1, u=0.2 to find which a will give smaller MAD. Use your mind if 1*Month forecasting is not given what we have to do. (10 Marks) MONTHS ACTUAL SALES 1 2 3 4 3 6 95 110 120 98 112 95 105 130 -0 S

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