Question: Forecast milk production using the following methods: (solve using Excel) a. 3 period moving averageb. Exponential smoothing with alpha 0.2c. Exponential smoothing with alpha 0.8

Forecast milk production using the following methods: (solve using Excel)

a. 3 period moving averageb. Exponential smoothing with alpha 0.2c. Exponential smoothing with alpha 0.8

d. Exponential smoothing with trend adjustment (Alpha=0.2, Beta = 0.3)e. Calculate the MAD for all the previous methodf. Using your answer in E, which method should be used to forecast the 7th year and why?

. NV Months NH N 01 s tu Con Tim 12 16 18 19 20 890 900 961 935 894 855 809 810 766 22 23 24 25 26 27 28 29 30 31 32 33 34 35 NY 981 935 855 809 810 ZAR 17 38 40 41 43 881 837 784 791 5 46 47 49 50 o 238 773 60 81 62 84 65 80 BV 88 59 7

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