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1. The department manager is using a combination of methods and has forecast sales of toasters at a local department store. The manager wants to compare an exponential smoothing forecast to a naive forecast to see which forecast is better at predicting sales of toasters. The exponential smoothing forecast has a MAD of 15.78. The naive forecast has a MAD of 20.25 during the same time period. Which forecast is more accurate?
The naive forecast
There is not enough information to determine which forecast is better
Both forecasts are the same
The exponential smoothing forecast
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Provide appropriate reference.
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