Question: Question 1 (8 points) Exponential Smoothing a=.5 Week Actual Forecast Demand 1 175 Error APE 2 week Moving Average Week Actual Forecast Demand 1 175

Question 1 (8 points) Exponential Smoothing a=.5 Week Actual Forecast Demand 1 175 Error APE 2 week Moving Average Week Actual Forecast Demand 1 175 Error APE 2 162 162 3 104 104 4 87 4 87 5 135 5 135 a. Calculate the forecast for the two methods and put in chart above. Please show formulae. (5 marks) b. Which is the best method to forecast this data? Why? Using MAPE back your answer up quantitatively. Please show formulae and calculations below.(2 marks) c. Woul marks) u be comfortable only using this method for forecasting? Explain. (1

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