Please help in answering the following:

1. Exponential smoothing methods are sensitive to initial values for base, trend, or seasonal coefficients. It is very important to choose good starting values.

True

False

2. When using a moving average forecast, the last forecast that can be created using historical demand data is used for all future forecasts.

True

False

3. Which of the following demand patterns would you expect to see at your local gas station

Seasonality

Variability

All of these are correct

Trend

Autocorrelation