Question: why is this the answer? The following table has the forecasting values using three different methods. Answer the following questions: Actual Forecasting using Forcasting using

why is this the answer?

The following table has the forecasting values using three different methods. Answer the following questions: Actual Forecasting using Forcasting using Forecasting using Demand moving average simple exponential trend adjusted method smoothing exponential smoothing 7 10 9.5 8.4 15 12 14.5 15.3 13 14 13.7 12.5 The MAD for the simple exponential smoothing method is: A) 2.5 B) 0.5 Correct! The answer is D. MAD is the average forecasting error 2.5+0.5+0.7 MAD for the simple exponential smoothing method = 3 = 1.2 C) 0.7 Click next to continue D) 1.2

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