Comparing Moving Average and Exponential Smoothing Conceptual Overview: Explore how moving average forecasts and exponential smoothing forecasts differ Iloh graphs halow depisy produchun for mail for a number el periods. The top graph moving agnoscasts al dan length and the serigraphieplay Resothing fomenda. Un the butine In the top gespite in the moving average in the smallest mann wird error (SE) U these is the bottom graph find the song to yield Traderer. Vihich of them is forcess steel stions Navigation Menu H Reuple Store Demand BE Naive Forecast: One-Month Moving Average" MSE = 11.91 10 15 Perod Naive Forecast 2 Month Moving Averses 3-Mon Moving Average 4-Worth Moving Average warga Shure bemann Exponential Smoothing = 0.2 MSE - 15.50 b ii ? in ; Period 0 -0.2 11 1. Which of the moving average methods results in the smallest MSE? a. Naive Forecast b. 2-Month Moving Average c. 3-Month Moving Average d. 4-Month Moving Average -Select- 2. What value of alpha minimizes the MSE for the exponential smoothing method? a. 0.0 b. 0.35 c. 0.55 d. 1.0 -Select- 3. For the data given, what is the smallest value of alpha where the exponential smoothing forecast is more accurate (smaller MSE) than the 2-Month Moving Average? a. alpha = 0.3 b. alpha = 0.5 c. alpha = 0.6 d. There is no such alpha. -Select- 4. For what value of alpha does the Exponential Smoothing method have the same MSE as the Naive Forecast method? a. 0.0 b. 0.5 c. 1.0 d. No such value of alpha exists -Select