Which one of the two forecasting methods is more accurate

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Reference no: EM13254804

A car dealer makes a profit of $500 per car sold. Listed below shows car sales in the last 6 months:
June: 1850
July: 1800
August: 1820
September: 1780
October: 1740
November: 1720

a. Forecast the profits for the month of December using a two month moving average.
b. Forecast the demand for the month of December using exponential smoothing (a=0.6)
c. According to MSE criterion, which one of the two forecasting methods is more accurate?

Reference no: EM13254804

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