[Solved] Use exponential smoothing with alpha = 0.2 to calculate smoothed averages and a forecast for period 7 from the data below and calculate the MAD.
Question: Use exponential smoothing with alpha = 0.2 to calculate smoothed averages and a forecast for period 7 from the data below and calculate the MAD. Do you think exponential smoothing is a good model to use; why?
| Period | Demand |
| 1 | 10 |
| 2 | 8 |
| 3 | 7 |
| 4 | 10 |
| 5 | 12 |
| 6 | 9 |
Deliverable: Word Document 
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