Question: Please help me answer this question: Question 2. (Total 30 points) a) What advantages do exponential smoothing have over moving average? How does the number
Please help me answer this question: 
Question 2. (Total 30 points) a) What advantages do exponential smoothing have over moving average? How does the number of periods in a moving average affect the responsiveness of the forecast? How does the size of the smoothing constant in exponential smoothing affect the responsiveness of the forecast? ( 5 points) There's a new band in town, Cool Spring, and they want to determine a forecasting method to help them estimate revenue. To date they have generated the following revenue: b) Calculate forecasts for September - January using linear-trend and doubleexponential smoothing methods. Use an =0.25 and =0.5 (start with initial estimates Ssept=$300,TSept=$20). (15 points ) c) Calculate MAPE for September - January for each method and indicate which method provides the better forecasts; state any necessary assumptions. Explain. (8 points) d) Forecast revenue for February and March based on your preferred method. State any necessary assumptions. ( 2 points)
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