Problem 2. Using the average price spent on Electronic items/Cell phones/laptop/tablet, provided above, as our time series data,

a)Using the moving average of two period forecast the spending on this item for Semesters 6 and 8 (0.5 pt)

b)Using simple exponential smoothing method and w=0.60, forecast the spending for this item in Semesters 6 and 8 (1 pt)

c)Using double exponential smoothing (Holt's) method and w=0.60, ?=0.2, forecast the spending for this item in Semesters 6 and 8 (1.5 pts)

Quantity of items Average Price of each item ($) t Semester 2 t Semester 1 2 3 S1 7 S1 $70 $35 $200 S2 S2 $100 $50 $500 S3 I HOWNOW aUAWNE S3 IVIANOW $60 $80 $400 S4 10 aUAWN $4 $80 $40 $300 $5 $5 $120 $50 $900 S6 S6