The Victory Plus Mutual Fund of growth stocks has had
The Victory Plus Mutual Fund of growth stocks has had the following average monthly price for the past 10 months:
Month ........ Fund Price
1 ........... 62.7
2 ........... 63.9
3 ........... 68.0
4 ........... 66.4
5 ........... 67.2
6 ........... 65.8
7 ........... 68.2
8 ........... 69.3
9 ........... 67.2
10 ........... 70.1
Compute the exponentially smoothed forecast with a = .40 the adjusted exponential smoothing forecast with α = .40 and β = .30 and the linear trend line forecast. Compare the accuracy of the three forecasts, using cumulative error and MAD, and indicate which forecast appears to be most accurate.

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