Compute mad for forecast developed

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Reference no: EM13104565

Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years
Using exponential smoothing with a smoothing constant (a) of .30 and a starting forecast of 415.00 the following sales forecast has been developed:
YEAR SALES FORCASTED SALES
2005 455 415.00
2006 502 427.00
2007 518 449.50
2008 566 470.05
2009 585 498.84

1. The MAD for a forecast developed using exponential smoothing with a=.30 is _____ sales.(round answer to one decimal)

2. Forecasted sales for years 2006 through 2010 using exponential smoothing with a =.60 and a starting forecast of 415.00 are:
YEAR FORECASTED SALES
2005 415.00
2006 ______
2007 ______
2008 ______
2009 ______

3. The MADE for a forecast developed using exponetial smoothing with a= .60 is ______ sales

4. Forecasted sales for years 2006 through 2010 using exponential smoothing with a= .90 and a starting forecast of 415.00 are
YEAR FORECASTED SALES
2005 415.00
2006 ________
2007 ________
2008 _______
2009 ________

5.The MAD for a forecast developed using exponential smoothing with a =.90 is ____ sales(round answer to two decimal places)

Reference no: EM13104565

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