$1.$ Using the $4-$quarter moving average: What is the forecast for $3$Q$2023,4$Q $2023,1$Q

$2024,$ and $2$Q $2024$

$2.$ Compute the forecast for $3$Q $2023,4$Q $2023,1$Q $2024,$ and $2$Q $2024$

using exponential smoothing $($start with $3$Q $2023)$ with a smoothing factor of $\mathrm{.}6.$

$3.$ Which forecast method provides a more accurate forecast?

$4.$ Compute the forecast for $3$Q $2023,4$Q $2023,1$Q $2024,$ and $2$Q $2024$

using a weighted moving average technique. The most recent period is weighted at $\mathrm{.}45,$

second most recent at $\mathrm{.}3,$ and $3$rd most recent at $\mathrm{.}2$ and $4$th most recent at $\mathrm{.}05.$

$5.$ Compare the results from $4$ to the results from $1$ and $2.$ Now which forecast provides the

more accurate forecast?

$6.$ If the exponential smoothing is calculated using a smoothing factor of $\mathrm{.}8$ will the forecast

error be smaller or larger?