Question: Using the ice cream sales data given below, forecast demand using moving average with n=1.4. and 8 and the exponential smoothing model with alpha=0.1.0.5 and

Using the ice cream sales data given below,

Using the ice cream sales data given below, forecast demand using moving average with n=1.4. and 8 and the exponential smoothing model with alpha=0.1.0.5 and 0.9 and using 135.6 for the beginning forecast on the first day. Day M Th Su Demand 135.6 141.1 161.2 142.7 191.4 193.5 181.7 146.4 131.0 155.4 161.2 226.7 198.2 214.6 159.7 186.9 166.8 183.3 229.2 254.2 runununa Day M T W Th F s Su M T W Th F S Su Demand 177.9 189.5 199.3 216.5 286.9 354.9 283.9 229.9 155.8 198.4 216.7 279.4 345.3 328.3 Th Su Th Su 256.6 a. Beginning with the errors calculated in period 9 (the second Tuesday in the list). calculate MFE and MAD for moving average forecast model (Round your Intermediate calculations and final answers to 1 decimal place.) Moving Average Forecast n=1 n=4 n = 8 MFE MAD b. Beginning with the errors calculated in period 9 (the second Tuesday in the list). calculate MFE and MAD for exponential smoothing forecast model. (Round your Intermediate calculations and final answers to 1 decimal place.) Exponential Smoothing Forecast a = 0.1 a = 0.5 a = 0.9 MFE MAD

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