Question: Question 2: Apply Moving Average (k=3) and Exponential Smoothing (alpha =0.1) to the following demand data and forecast the demand for the maximum # period
Question 2: Apply Moving Average (k=3) and Exponential Smoothing (alpha =0.1) to the following demand data and forecast the demand for the maximum # period you can. Calculate, MAD, MSE, and MAPE. Discuss which method is superior.
| Week | Demand |
| 1 | 108 |
| 2 | 116 |
| 3 | 157 |
| 4 | 124 |
| 5 | 96 |
| 6 | 119 |
| 7 | 96 |
| 8 | 101 |
| 9 | 112 |
| 10 | 102 |
| 11 | 98 |
| 12 | 91 |
Please, solve the problems by using MS Excel.
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