Question: 15 pts 1 below. Associate method (i.e., linear regression) is the forecasting method the management has decided to use first. Answer the questions, Q1 Q3

 15 pts 1 below. Associate method (i.e., linear regression) is the

15 pts 1 below. Associate method (i.e., linear regression) is the forecasting method the management has decided to use first. Answer the questions, Q1 Q3 below. TABLE 1 Sale forecast next year (in thousand) Q3: To forecast next year's sales, the analyst, Jenny proposed a different method: exponential smoothing w/ trend, where smoothing constants are 0.3 and 0.5,0.3 for calculating smoothed forecast average and 0.5 for calculating trend. The smoothed forecast average had been recorded to be 100 thousand and 0 trend was observed in year 1 . Based on the MAD criterion, which is a more reliable forecasting method, associate method or Jenny's exponential smoothing w/ trend? Show your analysis below

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