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Q. subsequent tabulations are actual sales of units for 6 months and a starting forecast in January.
a. Compute forecasts for remaining 5months using simple exp1ntial smoothing with α = 0.2
b. Compute MAD for forecasts.
ACTUAL FORECAST January 100 80 February 94 March 106 April 80 May 68 June 94
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The solution does a great job of answering the question. The solution is brief and very easy to follow along. All the steps are clearly shown. It can be easily understood by anyone with basic understanding of topic.
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