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I want correct answers with explanation... I'll upvote you... Q2. Heating Oil Usage (in Thousands of Barrels) 2012 01 25200 2012 02 23275 2012 Q3

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Q2. Heating Oil Usage (in Thousands of Barrels) 2012 01 25200 2012 02 23275 2012 Q3 22500 2012 Q4 20750 2013 Q1 24350 2013 Q2 21125 2013 Q3 26200 2013 Q4 25225 a. Calculate demand forecast for the first quarter of 2014 by using weighted moving average with 4 periods and weights 1 to 4. b. Repeat (a) using exponential smoothing model with a smoothing parameter x (begin with 2013 Q1 and assume that forecast for 2013 Q1 was 24,500). c. How would you compare the performance of the methods in [a) and (b)

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