1.What advantages as a forecasting tool does exponential smoothing have over moving averages?(4)

2.What capability would an organization have to have to not need forecasting?(2)

3.How does the number of periods in moving average affect the responsiveness of the forecast?(3)

4.Contrast the use of MAD and MSE in evaluating forecasting (4)

5.What factors enter into the choice of a value for the smoothing constant in exponential smoothing ?(5)

6.What are the main advantages that quantitative techniques for forecasting have over qualitative techniques? What limitations do quantitative techniques have?(6)

7.It is said that forecasting using exponential smoothing is like driving a car by looking in the rear-view mirror. What are the conditions that would have to exist for driving a car that are analogous to the assumptions made when using exponential smoothing?(6)

8.How accurate is your local five-day weather forecast? Support your answer with the actual data/graph.(10)

9.Which type of forecasting approach, qualitative or quantitative is better? Discuss(10)