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SOLVED: Given the following historical demand and forecast, calculate the Mean Forecast Error: Week Demand: 50 Forecast: 45 Week 2 Demand: 54 Forecast: 51 Week 3 Demand: 58 Forecast: 60 FE =
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SOLVED: Develop an exponential smoothing forecast (a = 0.2) for February 2019 through January 2020. Assume that your forecast for January 2019 was 110. Calculate the MFE, MAD, and MAPE values for