Question: Using simple exponential smoothing and the following time series data, respond to each of the items. b. Compute all possible forecasts using a smoothing coefficient

to each of the items. b. Compute all possible forecasts using a

smoothing coefficient (a) of 0.4. (Negative amounts should be indicated by a

minus sign. Round your answers to 2 decimal places.) c. Compute all

Using simple exponential smoothing and the following time series data, respond to each of the items. b. Compute all possible forecasts using a smoothing coefficient (a) of 0.4. (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.) c. Compute all possible forecasts using a smoothing coefficient (d) of 0.9. (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.) d. Compute the MADs for each exponential smoothing forecast. (Round your answers to 2 decimal places.) e. Which forecast model would you choose? Why

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