If the actual demand of a product in 2020 is 4300 units and the exponential smoothing method forecasts 4200 and 4170 units for 2020 and 2021, respectively, then the smoothing constants (percentage) is O a. 0.01 O b. 0.1 O. 0.015 O d. 0.2 O e. 0.15

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A:

Q: Problem #3c: Develop a forecast for December using exponential smoothing model with a = 0.3.

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A: Let x = time period y = actual demand Hence, regression equation : y =53.5 + 90.583(x)

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A: Introduction - MAD Mean absolute deviation  MAD=1n ∑Xi-X~where ,Xi=data values in the set X~=average…

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A: a.

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