Question: 1. (3U points) Consider the following time series data: Value 24 13 2'1) 12 19 23 (1) [15 points) Compare three week moving average forecast

1. (3U points) Consider the following time series data: Value 24 13 2'1) 12 19 23 (1) [15 points) Compare three week moving average forecast with exponential smooth ing forecast using (o: = [1.2). Which appears to provide better forecast based on MSE? Explain. (2) [15 points) Compare exponential smoothing forecast using [or = 0.2) with expo nential smoothing forecast using [or = [13). Which provides a better forecast using MSE? Explain. {For this problem you may submit hand written work or you may type your answer on excel.)
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