Question: a. Use a 3-month moving average model to forecast issues remediated for periods 6-10. b. Use a 5-month moving average model to forecast issues remediated

a. Use a 3-month moving average model to forecast

a. Use a 3-month moving average model to forecast issues remediated for periods 6-10.

b. Use a 5-month moving average model to forecast issues remediated for periods 6-10.

c. Use an exponential smoothing model with a =.2 to forecast issues remediated for periods 6-10. (Assume a beginning forecast of 320 for period 5).

d. Use an exponential smoothing model with a =.4 to forecast issues remediated for periods 6-10. (Assume a beginning forecast of 320 for period 5).

e. Compare the forecasts in questions 1 through 4. Which is best? Why? Support your answer by solving for MAD and BIAS.

Answer below by rounding to the nearest two decimal places. Note that your answers may be negative. Be sure to include the (-) negative sign if it is in fact negative. These answers might also be significantly larger than your practice problems:

PLEASE ANSWER SHOWING ALL WORK NOT USING EXCEL

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