The Victory Plus Mutual Fund of growth stocks has had the following average monthly price for the past 10 months:

Month Fund Price 1 62.7 2 63.9 3 68.0 4 66.4 5 67.2 6 65.8 7 68.2 8 69.3 9 67.2 10 70.1 Compute the exponentially smoothed forecast with a = .40, the adjusted exponential smoothing forecast with a = .40 and b = .30, and the linear trend line forecast. Compare the accuracy of the three forecasts, using cumulative error and MAD, and indicate which forecast appears to be most accurate.

 LO.1