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Jim's department at a local department store has tracked the sales of a product over the last ten weeks. Forecast demand using exponential smoothing with an alpha of 0.2, and an initial forecast of 28.0. Calculate MAD . What do you recommend from the MAD results?

Period Demand
1 24
2 23
3 26
4 36
5 26
6 30
7 32
8 26
9 25
10 28

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Solution Summary

Jim's department at a local department store has tracked the sales of a product over the last ten weeks. Forecast demand using exponential smoothing with an alpha of 0.2, and an initial forecast of 28.0. Calculate MAD . What do you recommend from the MAD results?

Period Demand
1 24
2 23
3 26
4 36
5 26
6 30
7 32
8 26
9 25
10 28

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Period Demand Forecast Error RSFE ...

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