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For the six forecasting methods in (b), the respective mean square errors are: MSE (Moving average) = 19.54 MSE (Exponential smoothing) = 7.58 MSE (Holt)
For the six forecasting methods in (b), the respective mean square errors are: MSE (Moving average) = 19.54 MSE (Exponential smoothing) = 7.58 MSE (Holt) = 5.96 MSE (Linear Trend Model) = 6.52 MSE (Quadratic trend model) =2.20 MSE(Exponential trend model) = 2.75 Which of the six methods would you select for the purpose of forecasting? Discuss
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