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1. Using the 4-quarter moving average: What is the forecast for 4Q2022,1Q2023,2Q 2023, and 3Q 2023 2. Compute the forecast for 4Q2022,1Q2023,2223, and 3Q2023 using
1. Using the 4-quarter moving average: What is the forecast for 4Q2022,1Q2023,2Q 2023, and 3Q 2023 2. Compute the forecast for 4Q2022,1Q2023,2223, and 3Q2023 using exponential smoothing (start with 40 2022) with a smoothing factor of .6. 3. Which forecast method provides a more accurate forecast? 4. Compute the forecast for 4Q2022,1Q2023,2Q2023, and 3Q2023 using a weighted moving average technique. The most recent period is weighted at .55 , second most recent at .3 , and 3rd most recent at .1 and 4th most recent at .05 . 5. Compare the results from 4 to the results from 1 and 2. Now which forecast provides the more accurate forecast? 6. If the exponential smoothing is calculated using a smoothing factor of .8 will the forecast error be smaller or larger
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