Determine the mean absolute deviation

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Reference no: EM131945812

Samsung is trying to forecast demand for first quarter 2017 for one of their memory chips.

Using exponential smoothing, Alpha = 0.2, a forecast for second quarter 2016 of 165,000 chips, and the actual production below.

Calculate the forecast for first quarter 2017 and determine the mean absolute deviation.

Quarter	Memory Chips Produced
Second Quarter 2016	175,000
Third Quarter 2016	142,000
Fourth Quarter 2016	165,000
First Quarter 2016	TBD

Reference no: EM131945812

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