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I computed the monthly forecast for February through December of year t using the nave method, a three-month moving average, a five month moving average,
- I computed the monthly forecast for February through December of year t using the nave method, a three-month moving average, a five month moving average, and a three-month weighted moving average (0.45/0.35/0.2).
- Considering data for year t only, I used two applications of exponential smoothing (a = 0.3 and a = 0.5) to compute a forecast for January of year t+1.
- I believe that there is an upward trend in the demand for peppers as time passes. I used trend-adjusted exponential smoothing and ALL of the available data with (a = 0.5 and b = 0.3) to compute the demand forecast for January of year t+1.
- I also computed the MAD, MSE, and MAPE for each of the methods used, basing it on ALL of the available data.
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