Question: In Excel, create four different forecasts using the Analysis ToolPak: 3 - period moving average 1 2 - period moving average Exponential smoothing with
In Excel, create four different forecasts using the Analysis ToolPak:
period moving average
period moving average
Exponential smoothing with alpha
Exponential smoothing with alpha
Create a simple table that reports the MSE and the forecasted price of gasoline for May for each of the methods. Discuss what the results tell us about the accuracy of these forecasts, and which forecast you think is most appropriate for forecasting the price next month.
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