What’s The MAD When The Exponential Smoothing Forecasting Technique Is Used
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Description
Please access and download the Forecast exercise.xlsx You are provided monthly sales data of the minion toy for the past two years, and you want to generate the forecast for month 25. Currently, you want to implement the four-period moving average and the exponential smoothing forecasting techniques. Please implement those two techniques and answer following questions base on the forecast results. There is no time limit for this exercise. Flag this Question Question 1 5 pts When using the four-period moving average, what’s your forecast for month 25? (round to the nearest integer) Flag this Question Question 2 5 pts When using the exponential smoothing (when alpha = 0.14), what’s your forecast for month 25? (round to the nearest integer) Flag this Question Question 3 5 pts What’s the MAD when the four-period moving average forecasting technique is used? (round to the nearest integer) Flag this Question Question 4 5 pts What’s the MAD when the exponential smoothing forecasting technique (alpha = 0.14) is used? (round to the nearest integer) Flag this Question Question 5 5 pts What’s the optimal alpha for the exponential smoothing? (round to the second decimal place)
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