Moving Average Prediction using a three-period moving average to forecast the next period:

= 528,290 + 539,910 + 545,640 / 3

= 1,613,840 / 3

= $ 537,947 (rounded)

Weighted Moving Average using a three-period weighted moving average with weights of 3, 2, and 1 for the most recent, second latest, and the oldest time periods:

= (545,640 * 3) + (539,910 * 2) + (528,290 * 1) / 3+2+1

= (1,636, 920) + (1,079,820) + (528,290) / 6

= $ 540,643

1. Determine the exponential smoothing forecast for the next time period using a smoothing constant of 0.2. If necessary, round your answer to one decimal place.
2. What are the MAD scores for the three-period moving average? Round any intermediate calculations, if necessary, to no less than six decimal places, and round your final answer to one decimal place.
3. Indicate a rank of 1, 2, or 3 for each forecast with a 1 being the highest priority

Median Price of home sales in Miami FL - Quarterly