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

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Your manager is trying to determine what forecasting method to use. Based on the following historical data, calculate the following forecasts and specify what procedure you would utilize. MONTH 1 2 3 4 5 6 7 8 9 10 11 12 ACTUAL DEMAND 53 56 58 65 74 75 76 77 77 79 81 82 a% d. Calculate the exponential smoothing with trend component forecast for periods 212 using an initial trend forecast (T1) of 1.70, an initial exponential smoothing forecast (F) of 62, an a of 0.30, and a S of 0.20. (Do not round intermediate calculations. Round your answers to 3 decimal places.) X Answer is not complete. Month Exponential Smoothing with Trend 2 61.548 3 4 5 6 7 8 9 10 11 12 e-1. Calculate the mean absolute deviation (MAD) for the forecasts made by each technique in periods 412. (Do not round intermediate calculations. Round your answers to 3 decimal places.) X Answer is complete but not entirely correct. Mean Absolute Deviation 5.481 4.356 Three-month moving average Three-month weighted moving average Single exponential smoothing forecast Exponential smoothing with trend 7.624 7.925 X

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