Exponential Smoothing with Trend
Problem Statement
Recalculate the forecast for next Monday using a trend adjustment with 0.2. Using the MAD measure, compare the quality of this trend-adjusted forecast with the simple exponential smoothing in Problem 1.
Problem 1
Simple Exponential Smoothing
Problem Statement
The first-week demand for a new barbecue burger is
What is the forecast demand for next Monday using a smoothing constant a = 0.3?