Question: The data shows the average monthly exchange rate between the US dollar and the euro for a certain year. It shows that 1 euro was

The data shows the average monthly exchange rate between the US dollar and the euro for a certain year. It shows that
1
euro was equivalent to
1
.
2
8
9
US dollars for January
2
0
1
6
.
Month Exchange Rate Month Exchange Rate
January
1
.
2
8
9
July
1
.
2
3
0
February
1
.
3
2
4
August
1
.
2
4
0
March
1
.
3
2
1
September
1
.
2
8
7
April
2
.
3
1
7
October
1
.
2
9
8
May
1
.
2
8
0
November
1
.
2
8
3
June
1
.
2
5
4
December
1
.
3
1
1
Answer the following. Present the tables with the corresponding computed values.
1
.
Use the na
ve forecasting technique to obtain the forecasted value for January
2
0
1
7
.
2
.
Use the
3
-
month moving average technique to find the forecasted value for January
2
0
1
7
.
3
.
Forecast the exchange rate for January
2
0
1
7
using the weighted
3
-
month moving average, using the weights
0
.
5
0
,
0
.
3
0
,
and
0
.
2
0
.
4
.
Using the MSE, determine which of the
3
methods provided the most accurate forecast.

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