Solution-Compare a 3-month moving average forecast with an

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?

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Compare a 3-month moving average forecast with an : alabama building contracts for a 12-month period in millions of dollars are 240 350 230 260 280 320 220 310 240 310 240

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