Question: i need a clear answer with the steps. and i will like the answer Assessment Questions: 1. Following table shows the monthly sales of laptop

i need a clear answer with the steps. and i will like the answer

Assessment Questions: 1. Following table shows the monthly sales of laptop at a retail store: Month Number of Forecast Error Forecast Error laptops Sold using 3 using period exponential moving smoothing average (with a =0.3) T10 2 124 3 117 1313 5 169 151 163 8 1 4 7 Answer the following questions based on the data given above. Show your calculations a. What is the expected sales for the 8th month based on 3 period moving average? (15 Points) ANS: b. What is the expected sales for the 8th month based on exponential smoothing with a =0.3? (15 Points) ANS c. Which of the above two forecasting method is better based on MSE and why? (20 Points) ANS

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