1. A student turns in the following work for their 3MA on Temperature: Which part did they mess up? a. 3MA b. Average Error c. Nothing wrong, this is correct. 2. A time series has four components: trend, seasonality, cycles, and random variations. Which one of those would include recessions that occur every 3-5 years? (fill-in-blank) 3. Which type of forecast assumes today's demand will be same as yesterday's? a. Moving Average b. Simple Exponential Smoothing c. Adjusted Exponential Smoothing d. Naive Approach 4. Suppose that for a given set of data, alpha =.12 for simple exponential smoothing has th lowest MAD. What is most true about the data? a. The forecast improves when the most recent data has more weight on it. b. The forecast improves when the most recent data has less weight on it. c. The forecast improves when the most recent trend has more weight on it. d. The forecast improves when the most recent trend has less weight on it