Question 10:The Cozy Bistro is analyzing the weekly demand f…
Question 10:The Cozy Bistro is analyzing the weekly demand for their signature “Bistro Burger” to improve inventory planning and reduce food waste. The restaurant manager has decided to use exponential smoothing with a smoothing constant of alpha = 0.5. The initial forecast for Week 1 was estimated to be 460 units. The actual demand recorded for the first four weeks is provided in the table below: Week Actual Demand (At) Forecast (Ft) 1 420 460 2 520 ? 3 480 ? 4 550 ? Calculate the Mean Absolute Deviation (MAD) (include week 1 numbers in the calculation) ?