Question: Calculate three forecasts using the following data. First, for periods 4 through 11 , develop the exponentially smoothed forecasts using a forecast for period 3(F3)

Calculate three forecasts using the following data. First, for periods 4 through 11 , develop the exponentially smoothed forecasts using a forecast for period 3(F3) of 120.0 and an alpha of 0.3. Second, calculate the 3-period moving average forecast for periods 4 through 11 . Third, calculate the weighted moving average for periods 4 through 11 , using weights of .60,.30, and .10. Calculate the mean absolute deviation (MAD) for each forecasting procedure. Which forecasting procedure would you select? Why

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