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You are the manager for an electronics-manufacturing company. Use the following data to obtain forecasts for your company through various forecasting techniques.
Quarter Forecast Actual Demand Error4Q 2008 200 2201Q 2009 220 2152Q 2009 215 2103Q 2009 210 2204Q 2009 220 2251Q 2010 225 2402Q 2010 240 2553Q 2010 2604Q 2010 2701Q 2011
a)Find out the forecasts for 3Q 2010, 4Q 2010, and 1Q 2011.
b)Computed the forecasting error using the exponential smoothing technique.
c)Computed the forecasting error using the weighted smoothing average method.
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