Question: Use exponential smoothing with = 0.3 and =0.8 to forecast. Then compare the forecasting accuracy of the two exponential smoothing constants on the basis of

Use exponential smoothing with = 0.3 and =0.8 to forecast. Then compare the forecasting accuracy of the two exponential smoothing constants on the basis of MAD. Assume the initial forecast for the first period is 12 (keep 2 decimal places in your answer), which exponential smoothing method is better?

Period Demand 1 10 2 7 3 9 4 12 5 14

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