Question: The following table represents the demand for a specific type of cedar boards at Home Depot over the last 9 months. Month Demand ( in
The following table represents the demand for a specific type of cedar boards at Home Depot over the last months.
Month Demand in s
January
February
March
April
May
June
July
August
September
October
Assuming
an initial forecast of for January, and an initial trend adjustment of for January, develop an exponential smoothing with trend adjustment forecast and clearly answer the following questions in your spreadsheet.
How many cedar boards are forecasted for October?
What is the MAPE Mean Absolute Percentage Error for the first nine months?
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