Question: (b) Compare a three-month moving average forecast with an exponential smoothing forecast for a = 0.2. Which provides the better forecasts based on MSE?

(b) Compare a three-month moving average forecast with an exponential smoothing forecast for a = 0.2. Which provides the better forecasts based on MSE? Do not round your interim computations and round your final answers to two decimal places. Three-Month Moving Average Exponential smoothing MSE 3 Three-Month Moving Average (c) What is the forecast for the next month using exponential smoothing with a = 0.2? If required, round your answer to two decimal places.

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