Compute forecasts for the remaining five months

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Reference no: EM1377478

Q. Forecasting

The subsequent tabulations are actual sales of units for six months also a starting forecast in January.

a. Compute forecasts for the remaining five months utilizing simple exponential smoothing with

α = 0.2

b. Compute MAD for the forecasts.
ACTUAL FORECAST
January 100 80
February 94
March 106
April 80
May 68
June 94

Reference no: EM1377478

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