For your data set above, complete the following:
1. Graph the data
2. What are your observations of the graphical data? Do you visually see any patterns or trends?
3. Complete a NAIVE Forecast for periods 2 - 11
3. Complete a three period MOVING AVERAGE Forecast for periods 4 through 11
4. Complete a WEIGHTED MOVING AVERAGE Forecast for periods 4 - 11 using the weights assigned to your data set
5. Complete an EXPONENTIALLY SMOOTHED forecast using your smaller alpha value for periods 1 through 11
For Period 1- use the Period 1 actual value as your forecast value
S. Complete an EXPONENTIALLY SMOOTHED forecast using your larger alpha value for periods 1 through 11
For Period 1- use the Period 1 actual value as your forecast value
6. For each of the five forecasts that you created, calculate the MAD for each
7. Based on the MAD values, which method appears to be more accurate?