Explain the term Adaptive smoothing in operations?

Below is data of lobster sales volume from a seafood company. We are using exponential smoothing (α = 0.5) and 3-year moving average to forecast it. a. Please fill the blanks above and write your processes below. b. What are the mean absolute deviations (MADs) of the two methods? Whichmethod will you choose based on the results?   *Please solve for a-b and type or write all your work/steps and answers on paper* NO EXCEL, thank you

How do you draw a risk free line on an efficient frontier graph?

Situational analysis for keurig coffee machine. Include its strengths, weakness, opportunity, and threat.

Why forecasting is vital to operation management?

Management for a 500 room lodging operation predicts the following statistics for August next year: 95 percent occupancy, $89 average room rate, and the operation will be open 31 days.  Forecast the room sales amount for August next year.

Time period Actual sales 1 18 2 22 If the forecasting value of period 3 is 19.6 using exponential smoothing, the smoothing constant is what?

give details calculation