Question
The following tabulations are actual sales of units for six months and a starting forecast in...
The following tabulations are actual sales of units for six months and a starting forecast in January.
| ACTUAL | FORECAST | |
| January | 116 | 96 |
| February | 112 | |
| March | 115 | |
| April | 88 | |
| May | 82 | |
| June | 112 | |
a. Calculate forecasts for the remaining five months using simple exponential smoothing with α = 0.3.
b. Calculate the MAD for all the forecasts, including January's. (Round your answer to 1 decimal place.)
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