JanuaryFebruaryMarchAprilMayJunea. Calculate forecasts for the remaining five months using simple exponential smoothing with a = 0.4.FebruaryMarchAprilMayJuneACTUAL FORECAST1008596103826690MADForecasts9193979181b. Calculate the MAD for all the forecasts, including January's. (Round your answer to 1 decimal place.)

Given that, = 0.4 Ft = Ft-1 + * (At-1-Dt-1) Absolute error = | Actual - Forecast | MAD = ∑Actual…

January February March April May June February March April May June ACTUAL FORECAST 85 100 96 a. Calculate forecasts for the remaining five months using simple exponential smoothing with a = 0.4. MAD 103 82 66 90 Forecasts 91 93 97 91 81 b. Calculate the MAD for all the forecasts, including January's. (Round your answer to 1 decimal place.)

January February March April May June February March April May June ACTUAL FORECAST 85 100 96 a. Calculate forecasts for the remaining five months using simple exponential smoothing with a = 0.4. MAD 103 82 66 90 Forecasts 91 93 97 91 81 b. Calculate the MAD for all the forecasts, including January's. (Round your answer to 1 decimal place.)

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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