Question: 2. Given the data below, forecast: Year Mileage 1 3000 2 3800 3 3500 4 3800 5 3700 a. the 6th year using the weighted

2. Given the data below, forecast:

Year Mileage

1 3000

2 3800

3 3500

4 3800

5 3700

a. the 6th year using the weighted moving average w/weights .7 & .3

b.The 6th year using Exponential Smoothing with F1 =3000 and alpha = .7

c.Calculate the MAD for a and b, tell me which one is the best model

d. Calculate the regression line, the forecast for the 6th and the 12th years, the residual of the 4th year, and tell me if it is s good or a bad model

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