Use Solver to determine the alpha that minimizes the MAD for the exponential smoothing forecast for...
Use Solver to determine the alpha that minimizes the MAD for the exponential smoothing forecast for the data that appear in this table. Use the actual demand of period 1 as the forecast for period 2 and then use the forecasts for periods 2 through 9 to calculate MAD.
| Period | Demand |
| 1 | 272 |
| 2 | 278 |
| 3 | 269 |
| 4 | 280 |
| 5 | 267 |
| 6 | 258 |
| 7 | 278 |
| 8 | 298 |
| 9 | 286 |
| 10 | 290 |
|
0.43 |
||
|
0.36 |
||
|
0.54 |
||
|
0.62 |
Homework Answers
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The answer is 0.54
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