Use exponential smoothing with trend adjustment. Consider T1 = 2, F1 = 12, α alpha =...

Use exponential smoothing with trend adjustment. Consider T₁ = 2, F₁ = 12, α alpha = 0.2 , delta = 0.3

PART (A) What is your forecast for period 3?

Part (B) What is the related MAD for your forecast?

Month	Actual Demand
1	15
2	25

Solutions

Expert Solution

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months forecast absolute actual demand Ft 15 Trend Tt 2.00 1.58 1.85 1 12.00 12.60 15.08 / trend adjusted F 14.00 14.18 16.93 total 25 10.82 11.82 a=0.2 d=0.3 t1 = 2, F1= 12 A) forecast for period 3 = 15.03 B) mean absolute deviation MAD MAD = (11.82/2) 5.91 note: trend adjusted forecast for period 3 is 16.93 and forecast without Trend value is 15.08)

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