Question: Use exponential smoothing to determine the forecast for 2, 3, and the 4th year. Then Use least squares and find the forecast for years 1,2,3

Use exponential smoothing to determine the forecast for 2, 3, and the 4th year. Then Use least squares and find the forecast for years 1,2,3 and 4. Using exponential smoothing and least squares compare the methods using MAD. Lastly use the best method to determine the forecast for year 5.

Year 1	Year 2	Year 3	Year 4	1^st Year Forecast
12,000	18,000	34,000	50,000	75,000

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