Question: Evaluate simple average, moving average, and exponential smoothing methods using mean absolute error with the forecasts generated in question 1. Fill in the blanks of

Evaluate simple average, moving average, and exponential smoothing methods using mean absolute error with the forecasts generated in question 1.

Fill in the blanks of the following with a number rounded to 2 decimal places unless otherwise directed:

  1. The mean absolute error for the simple average method is .
  2. The mean absolute error for the moving average method is .
  3. The mean absolute error for the exponential smoothing method is .
  4. The moving average method is the best . (T/F)

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