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1. The table below shows the annual petroleum consumption (measured in British Thermal Units, abbreviated as BTUs) for a sample of residential consumers. A single

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1. The table below shows the annual petroleum consumption (measured in British Thermal Units, abbreviated as BTUs) for a sample of residential consumers. A single BTU is the amount of energy it takes to heat 1 pound of water by 1 degree Fahrenheit. These data are usually preliminary (sometimes estimated or forecasted) and likely to be revised the following year. The data are based on monthly estimates and are likely to be revised later that year after final data are published. A. Using the naive approach, what is the forecast for petroleum consumption in 2022? B. Forecast residential petroleum consumption for 2022 using a 3 -year moving average. C. Calculate the forecast error for 2020 based on the 3 -year moving average above. D. Forecast petroleum consumption for 2022 using exponential smoothing with =0.3

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