Your manager is trying to determine what forecasting method to use. Based on the following historical data, calculate the following forecast and specify what procedure you would utilize.

MONTH	ACTUAL DEMAND
1	62
2	65
3	67
4	68
5	71
6	73
7	76
8	78
9	78
10	80
11	84
12	85

d. Calculate the exponential smoothing with trend component forecast for periods 2 to 12 using an initial trend forecast ( T1 ) of 1.8, an initial exponential smoothing forecast ( F1 ) of 60, an of 0.30, and a of 0.30.

Note: Round your answers to 3 decimal places.

e-1. Calculate the mean absolute deviation (MAD) for the forecasts made by each technique in periods 4 to 12.

Note: Round your answers to 3 decimal places.

e-2. Which forecasting method is best?

multiple choice

Exponential smoothing with trend forecast

Single exponential smoothing forecast

Three-month weighted moving average

Three-month moving average