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(20 points) An electric company has the following average monthly price for a customer the past 10 months. Month Sale Price 1 174.52 2 169.90

  1. (20 points) An electric company has the following average monthly price for a customer the past 10 months.

Month

Sale Price

1

174.52

2

169.90

3

165.38

4

163.63

5

165.46

6

168.10

7

168.45

8

165.67

9

164.12

10

170.2

  • Computetheexponentiallysmoothedforecastwith= 0.40
  • Theadjustedexponentiallysmoothedforecastwith=0.40and=0.30
  • Thelineartrend lineforecast.
  • ComparetheaccuracyofthethreeforecastsusingcumulativeerrorandMAD, and indicate which forecast appears to be most accurate.

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