Question: PLEASE ANSWER ALL PARTS AND EXPLAIN. WILL LIKE a) Use a 2-month moving average on all the data and plot the averages and the prices.

PLEASE ANSWER ALL PARTS AND EXPLAIN. WILL LIKE a) Use a 2-month moving average on all the data and plot the averages and

PLEASE ANSWER ALL PARTS AND EXPLAIN. WILL LIKE

a) Use a 2-month moving average on all the data and plot the averages and the prices. b) Use a 3-month moving average and add the 3-month plot to the graph created in part (a). c) Which is better (using the mean absolute deviation): the 2-month average or the 3 -month average? d) Compute the forecasts for each month using exponential smoothing, with an initial forecast for January of \$1.80. Use =.1, then =3, and finally =.5. Using MAD, which is the best? P (MyLab Operations Management also includes a shorter (brief) version of this problem.) a) Use a 2-month moving average on all the data and plot the averages and the prices. b) Use a 3-month moving average and add the 3-month plot to the graph created in part (a). c) Which is better (using the mean absolute deviation): the 2-month average or the 3 -month average? d) Compute the forecasts for each month using exponential smoothing, with an initial forecast for January of \$1.80. Use =.1, then =3, and finally =.5. Using MAD, which is the best? P (MyLab Operations Management also includes a shorter (brief) version of this problem.)

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