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Develop an exponential smoothing forecast
?(α=0.3?)
for February 2016 through January 2017. Assume that your forecast for January 2016 was 100.
Calculate the? MFE, MAD, and MAPE values for February through December 2016.
Find an exponential smoothing forecast for each period and? fill-in the table below ?(enter your responses rounded to one decimal? place).
Month,Demand
January 2016,119
February,72
March,113
April,82
May,82
June,131
July,111
August,116
September,89
October,95
November,88
December,90
The forecast for January 2017 is...?(Enter your response rounded to one decimal? place.)
The MFE is...?(Enter your response rounded to one decimal place and include a minus sign if? necessary.)
The MAD is...?(Enter your response rounded to one decimal? place.)
The MAPE is...?(Enter your response rounded to one decimal? place.)
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