Scenario 7 -Develop a Forecast for This Data Using Simple Exponential Smoothing

Essay

Scenario 7.6
$\begin{array}{|c|c|}\hline \text { Period } & \text { Demand } \\\hline 1 & 173 \\\hline 2 & 177 \\\hline 3 & 180 \\\hline 4 & 151 \\\hline 5 & 168 \\\hline 6 & 184 \\\hline 7 & 198 \\\hline 8 & 191 \\\hline 9 & 167 \\\hline 10 & 177 \\\hline\end{array}$
-Develop a forecast for this data using simple exponential smoothing with an alpha of 0.66.Then calculate MAD,MSE and the tracking signal.