The values of Alabama building contracts (in millions of dollars) for a 12-month period follow.

250 340 240 260 290 330 210 310 250 310 240 230

1. Compare a three-month moving average forecast with an exponential smoothing forecast. Use = 0.2. Which provides the better forecasts based on MSE? Do not round your intermediate calculations and round your final answers to two decimal places.

   	Moving average	Exponential smoothing
   MSE	fill in the blank 3	fill in the blank 4

2. What is the forecast for the next month? Round your answer to the nearest whole number. fill in the blank 6 millions of dollars