Consider the exchange rate of the $ (USD) with € (Euro) and $ (USD) with £ (Pound). The accompanying table shows a portion of the exchange rates from January 2017 to January 2019. 

a. Find the 3-period and the 5-period moving averages for Euro. Based on MSE, MAD, and MAPE, use the preferred model to forecast Euro for February 2019. 

b. Find the simple exponential smoothing series for Pound with possible α values of 0.2, 0.4, 0.6. Based on MSE, MAD, and MAPE, use the preferred model to forecast Pound for February 2019.

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Date Jan-17 Feb-17 B Jan-19 Euro 1.0635 1.0650 I 1.1414 Pound 1.2367 1.2495 ⠀ 1.2845