Determine The exponential smoothing forecast for the next time period using a smoothing constant of 0.30. If necessary, round answer to one decimal Determine the three-period weighted moving average for the next time period with weights of 3(most recent), 2(second latest time period), and 1 (oldest time period). If necessary, round answer to one decimal place. Which forecasting method is best and why?A) comparing the MAD scores, exponential smoothing is best since the MAD score is lowest?B) comparing the forecast, weighted moving average is best since it has the forecast closest to the latest actual observation?C) Comparing the MAD scores, weighted moving average is best since the MAD score is highest D) comparing the forecasts, weighted moving average is best since it has the highest forecast?

Consider the following data: Monthly Profit of an Auto Repair Shop Month Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Profit 16.416 ($) 16,566 15,355 17,420 19,063 17,240 19,138 18,501 20,290