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Hello! I'm having trouble with two of my practice exam questions. I'm not sure where to start in Excel with this. I know I'm suppose

Hello! I'm having trouble with two of my practice exam questions. I'm not sure where to start in Excel with this. I know I'm suppose to use Exponential Smoothing, but my answers are showing as incorrect.

Question 1:

Specifically for the US, create two different forecasts using exponential smoothing. Let forecast A use an exponential smoothing constant, = 0.2, and forecast B use an exponential smoothing constant, = 0.8. What is the MAD for Forecast B? Round your answer to 2 decimal place.

Question 2:

Specifically for the US, create two different forecasts using exponential smoothing. Let forecast A use an exponential smoothing constant, = 0.2, and forecast B use an exponential smoothing constant, = 0.8. Which model produces more accurate forecasts, why? Use the MAD to support your answer.

A. Forecast A because the MAD is lower.

B. Forecast B because the MAD is lower.

C. Forecast A because the MAD is higher.

D. Forecast B because the MAD is higher.

Year U.S. Canada Australia Japan France Germany Italy
1 5.5 5.6 2.1 2.3 1.6 2 4.8
2 5.5 6.5 1.6 1.7 1.5 1.1 3.7
3 6.7 6.7 3.0 1.5 1.2 0.6 3.2
4 5.5 5.5 2.9 1.3 1.4 0.6 2.8
5 5.7 5.2 2.3 1.3 1.6 0.5 2.4
6 5.2 4.4 1.4 1.2 1.2 0.4 2.7
7 4.5 3.6 1.3 1.2 1.6 0.3 3.5
8 3.8 3.4 1.6 1.4 1.6 0.3 3.7
9 3.8 3.8 1.9 1.3 2.1 1.3 3.4
10 3.6 4.5 1.8 1.2 2.7 1.1 3.5
11 3.5 4.4 1.8 1.1 2.3 0.6 3.5
12 4.9 5.7 1.6 1.2 2.5 0.5 3.2
13 5.9 6.2 1.9 1.3 2.8 0.6 3.3
14 5.6 6.2 2.6 1.4 2.9 0.7 3.8
15 4.9 5.5 2.3 1.3 2.8 0.7 3.7
16 5.6 5.3 2.7 1.4 2.9 1.6 3.1
17 8.5 6.9 4.9 1.9 4.2 3.4 3.4
18 7.7 7.2 4.8 2 4.6 3.4 3.9
19 7.1 8.1 5.6 2 5.2 3.4 4.1
20 6.1 8.4 6.3 2.3 5.4 3.3 4.1
21 5.8 7.5 6.3 2.1 6.1 2.9 4.4
22 7.1 7.5 6.1 2 6.5 2.8 4.4
23 7.6 7.6 5.8 2.2 7.6 4 4.9
24 9.7 11 7.2 2.4 8.3 5.6 5.4
25 9.6 11.9 10.0 2.7 8.6 6.9 5.9
26 7.5 11.3 9.0 2.8 10 7.1 5.9
27 7.2 10.5 8.3 2.6 10.5 7.2 6
28 7 9.6 8.1 2.8 10.6 6.6 7.5
29 6.2 8.9 8.1 2.9 10.8 6.3 7.9
30 5.5 7.8 7.2 2.5 10.3 6.3 7.9
31 5.3 7.5 6.2 2.3 9.6 5.7 7.8
32 5.6 8.1 6.9 2.1 9.1 5 7
33 6.8 10.4 9.6 2.1 9.6 4.3 6.9
34 7.5 11.3 10.8 2.2 10.4 4.6 7.3
35 6.9 11.2 10.9 2.5 11.8 5.7 10.2
36 6.1 10.4 9.7 2.9 12.3 6.5 11.3
37 5.6 9.5 8.5 3.2 11.8 6.5 12
38 5.4 9.7 8.6 3.4 12.5 7.2 12.1
39 4.9 9.2 8.6 3.4 12.4 7.8 12.3
40 4.5 8.3 8.0 4.1 11.8 7.5 12.3

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