Equate 2month moving average and Exponential smoothing using MAD.
The subsequent data represents demand for company ABC's products for the last 10 months.
Months

Demand

1 2 3 4 5 6 7 8 9 10

450 463 520 500 510 516 534 525 530 534

(a) What is the forecast for month 11?
(b) Which provides a better forecastthe twomonth moving average or exponential smoothing? describe using the mean absolute deviation.