Question: table [ [ Month , Year 1 , Year 2 , Year 3 , Year 4 , Year 5 ] , [ January ,
tableMonthYear Year Year Year Year JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember
Develop a forecast for the sales in August of Year by using three different forecasting techniques: Threemonth simple moving average, Weighted moving average with weights the weight is given to the most recent observation and Exponential smoothing method with a smoothing constant of points
Which forecasting method you considered in Question is the most accurate according to the Mean Absolute Deviation MAD criterion? Please justify your answer. points
Calculate a confidence interval of the forecast made for August of the fifth year. While developing the confidence interval, use the forecasting method identified in question as the
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