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
d Calculate the exponential smoothing with trend component forecast for periods using an initial trend forecast T of an initial exponential smoothing forecast F of an alpha of and a delta of
e Calculate the mean absolute deviation MAD for the forecasts made by each technique in periods
Note: Do not round intermediate calculations. Round your answers to decimal places.
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