The following tabulations are actual sales of units for six months and a starting forecast in January. ACTUAL FORECAST January 100 80 February 94 March 106 April 80 May 68 June 94 Calculate forecasts for the remaining five months using simple exponential smoothing with α = 0.2. Calculate the MAD for all the forecasts, including January's.

The following tabulations are actual sales of units for six months and a starting forecast in January. ACTUAL FORECAST January 100 80 February 94 March 106 April 80 May 68 June 94 Calculate forecasts for the remaining five months using simple exponential smoothing with α = 0.2. Calculate the MAD for all the forecasts, including January's.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section: Chapter Questions

Problem 42P: The file P13_42.xlsx contains monthly data on consumer revolving credit (in millions of dollars)...

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	ACTUAL	FORECAST
January	100	80
February	94
March	106
April	80
May	68
June	94

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