Question 1 2 pts Open the beerv3 JMP file and it has yearly beer consumption data in millions of liters. Perform (1) naive forecasting; (2) simple average forecasting; (3) moving average forecasting of order 3; and (4) exponential smoothing forecasting using alpha = 0.6 and the forecast value for Year 2001 = 2.798. Complete the following statements: 1. The naive forecast for Year 2013 is [Select ] 2. The simple average forecast for Year 2013 is [Select) 3. The moving average forecast of order 3 for Year 2013 is (Select ] 4. The exponential smoothing forecast using alpha = 0.6 for Year 2013 is [ Select ] 5. The cumulative forecast error for the moving average forecasting method is [ Select] 6. The mean absolute error for the exponential smoothing forecasting method is [ Select] 7. Using mean forecast error as the forecasting metric, naive forecasting is the best method in this case (T/F) T 8. Using mean absolute percentage error as the forecasting metric, simple average forecasting is the best method in this case (T/F) F 4 beerv3.jmp JMP beerv3.jmp Year Beer 1 2 3 4 5 Columns (2/0) Year Beer 6 7 2000 2.798 2001 2.857 2002 3.052 2003 3.137 2004 3.135 2005 2.992 2006 2.921 2007 2.864 2008 2.78 2009 2.846 2010 2.712 2011 2.865 2012 2.633 8 9 10 11 12 13 Rows All rows Selected Excluded Hidden Labelled 13 0 0 0 0 StauUUS TUCA n