Question: Following are time-series data for nine time periods. Use exponential smoothing with constants of .3 and .7 to forecast time periods 3 through 9.Let the

Following are time-series data for nine time periods. Use exponential smoothing with constants of .3 and .7 to forecast time periods 3 through 9.Let the value for time period 1 is the forecast for time period 2.Compute additional forecasts for time periods 4 through 9 using a 3-month moving average. Compute the errors for the forecasts and discuss the size of errors under eachmethod.

Time Period Value Time Period Value 9.4 8.2 7.9 9.0 9.8 11.0 10.3 9.5 9.1

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