Problem 1: (12 points) An organization is considering to generate forecast for April using exponential smoothing method (smoothing constant a=0.3) and the 2-period moving average technique. The actual sales are given in the table for January, February, March. The forecast for January using exponential smoothing method and the forecast for January and February using 2-period moving average technique are provided as well : Forecast using Exponential Period Actual Smoothing with a =0.3 Forecast using Simple 2-Period Moving Average Jan 40 50 144 Feb 65 64 Mar 85 ? Apr |? Answer questions 16, 17,18 and 19 based on Problem 1: (12 points) A=True B=False The forecast for April using exponential smoothing method with a A. A =0.3 is 63.5 B.B v Using the 2-period moving average method, the forecast for March is 60 and the forecast for April is 75 If the actual sales of April is 50, the organization would prefer the 2- period moving average technique over exponential smoothing according to MAD The MSE for the 2-period moving average technique is 440.81 if the actual sales of April is 50