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Compare a 3-month moving average forecast with an

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Reference no: EM13576820

Alabama building contracts for a 12-month period (in millions of dollars) are 240, 350, 230, 260, 280, 320, 220, 310, 240, 310, 240, and 230.

a. Compare a 3-month moving average forecast with an exponential smoothing forecast using a = 0.2. Which provides the better forecasts?

b. What is the forecast for the next month?

Reference no: EM13576820

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