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Your manager is trying to determine what forecasting method to use. Based on the following historical...

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General Management

Your manager is trying to determine what forecasting method touse. Based on the following historical data, calculate thefollowing forecast and specify what procedure you wouldutilize.

monthactual demand

1

62
265
367
468
571
673
776
878
978
1080
1184
1285

1. Calculate the exponential smoothing with trend componentforecast for periods 2–12 using an initial trend forecast(T1) of 1.8, an initial exponential smoothingforecast (F1) of 60, an ? of 0.30, anda ? of 0.30. (Round your answers to 3 decimalplaces.)

2. Calculate the mean absolute deviation (MAD) for the forecast.(Round your answers to 3 decimal places.)

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