Question: Your manager is trying to determine what forecasting method to use. Based upon the following historical data, calculate the following forecast and specify what procedure

Your manager is trying to determine what forecasting method to use. Based upon the following historical data, calculate the following forecast and specify what procedure you would utilize.
MONTH ACTUAL DEMAND
162
263
366
465
573
668
774
875
975
1082
1186
1285
d. Calculate the exponential smoothing with trend component forecast for periods 212 using an initial trend forecast (T1) of 1.80, an initial exponential smoothing forecast (F1) of 64, an \alpha of 0.40, and a \delta of 0.30.
e-1. Calculate the mean absolute deviation (MAD) for the forecasts made by each technique in periods 412.
Note: Do not round intermediate calculations. Round your answers to 3 decimal places.

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