Can you assist me with this question by showing me the process step by step so, I can use this to compare with my notes. I attempted this question numerous times however, Im still having trouble understanding. Thank you. Sales of tablet computers at Ted Glickman's electronics store in Washington, D.C., over the past 10 weeks are shown in the table below:| Week | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 ||--------|----|----|----|----|----|----|----|----|----|----|| Demand | 21 | 21 | 29 | 36 | 26 | 28 | 35 | 24 | 26 | 29 |a) The forecast for weeks 2 through 10 using exponential smoothing with α = 0.55 and a week 1 initial forecast of 21.0 are (round your responses to two decimal places):| Week | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 ||----------|-----|------|------|------|------|------|------|------|------|------|| Demand | 21 | 21 | 29 | 36 | 26 | 28 | 35 | 24 | 26 | 29 || Forecast | 21.0| 21.00| 21.00| 25.40| 31.23| 28.35| 28.16| 31.92| 27.56| 26.70|b) For the forecast developed using exponential smoothing (α = 0.55 and initial forecast 21.0), the MAD = [Blank] sales (round your response to two decimal places).

Exponential smoothing formula : Ft = At-1*α + (1- α)*Ft-1 Error = Actual value - Forecasted value…

a) The forecast for weeks 2 through 10 using exponential smoothing with a = 0.55 and a week 1 initial forecast of 21.0 are (round your responses to two decimal places): Week Demand 21 Forecast 21.0 21.00` 21.00' 25.40) 31.23' 28.35' 28.16 31.92" 27.56 26.70 1 2 21 29 7 8 9 10 26 29 4 36 26 28 35 24 b) For the forecast developed using exponential smoothing (a = 0.55 and initial forecast 21.0), the MAD = sales (round your response to two decimal places).

a) The forecast for weeks 2 through 10 using exponential smoothing with a = 0.55 and a week 1 initial forecast of 21.0 are (round your responses to two decimal places): Week Demand 21 Forecast 21.0 21.00` 21.00' 25.40) 31.23' 28.35' 28.16 31.92" 27.56 26.70 1 2 21 29 7 8 9 10 26 29 4 36 26 28 35 24 b) For the forecast developed using exponential smoothing (a = 0.55 and initial forecast 21.0), the MAD = sales (round your response to two decimal places).

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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