Question: 1. Demand data for an electric drill at a hardware store during the calendar year 2014 are given in the following table. um (a) Use

1. Demand data for an electric drill at a hardware store during the calendar year 2014 are given in the following table. \"um (a) Use the arithmetic average of the First six months of data as a baseline to initialize exponential smoothing and determine the one-step-ahead exponential smoothing forecasts for August through December, assuming a = 0:3. (b) Using a three-month moving average, determine one-step-ahead forecasts for August through December 2014. (c) Calculate the MAD and MSE for August through December for the two forecast sets in forecasts that you calculated in (a) and (b). Which gave better meulfo')

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