Question: We have calculated three forecasts using the demand data. First, for months 4 through 1 0 , we have developed the exponentially smoothing forecasts using
We have calculated three forecasts using the demand data. First, for months through we have developed the exponentially smoothing forecasts using a forecast for month F of and an alpha of Second, we have calculated the threemonth movingaverage forecast for months through Third, we have calculated the weighted moving average for months through using weights of and with applied to the most recent data. We have also calculated the Mean Absolute Deviation MAD and the Cumulative sum of Forecast Error CFE for each forecasting procedure.
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Exponential Smoothing
Simple Moving Average
Weighted Moving Average
CFE
MAD
Which forecasting method would be chosen based on MAD?
Group of answer choices
Exponencial Smoothing
Simple Moving Average
Weighted Moving Average
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