Question: For the data in the Excel file Gasoline Prices do the following: a. Develop spreadsheet models for forecasting prices using simple moving average and simple

"For the data in the Excel file Gasoline Prices do the following:

a. Develop spreadsheet models for forecasting prices using simple moving average and simple exponential smoothing.

b. Compare your results to the outputs from Excel’s Data Analysis tools.

c. Using MAD, MSE, and MAPE as guidance, find the best number of moving average periods and best smoothing constant for exponential smoothing.

d. Use XL Miner to find the best number of periods for the moving average forecast and optimal exponential smoothing constant.

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Gasoline Prices Average US Prices for Regular Gasoline Alpha Alpha Alpha MANUAL Data Analysis 3Period 02 3Period 02 3Period 02 Alpha Alpha MA ES MA ES MA ES 3Period 02 3Period 02 MAD MSE MAPE Date Pri... View full answer

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