What is the forecast for month 11

Reference no: EM1319054

Evaluate 2-month moving average and Exponential smoothing by 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: EM1319054

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