Compare two month exponential smoothing using mad

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Compare 2-month moving average and exponential smoothing using MAD.

The following data represents demand for company ABC's products for the last 10 months.

Months

Demand

1
2
3
4
5
6
7
8
9
10

450
463
520
500
510
516
534
525
530
534

(a) What is the forecast for month 11?

(b) Which provides a better forecast-the two-month moving average or exponential smoothing? Explain using the mean absolute deviation.

 

 

Reference no: EM1316134

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