Evaluate linear trend line, simple average, moving average, and exponential smoothing methods using mean absolute percentage error with the forecasts generated in question 1.

Fill in the blanks of the following with a number rounded to 2 decimal places unless otherwise directed:

1. The mean absolute percentage error for the linear trend line method is .
2. The mean absolute percentage error for the simple average method is .
3. The mean absolute percentage error for the moving average method is .
4. The mean absolute percentage error for the exponential smoothing method is .
5. The moving average method is the best . (T/F)