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Tom and Sadie wanted to forecast the property values in the Bay Area given the value of similar homes in the last 12 months. Month

Tom and Sadie wanted to forecast the property values in the Bay Area given the value of similar homes in the last 12 months.

Month

Property Values

January

$133,890

February

$135,000

March

$135,790

April

$137,300

May

$138,130

June

$139,100

July

$139,900

August

$141,120

September

$141,890

October

$143,230

November

$144,000

December

$145,290

Prepare a forecast for January of next year using exponential smoothing with alpha = 0.2 to make it easy, use forecast for November to be $142,650

$140,463

$141,428

$143,783

$144,988

Preprare a forecast for January of next year using naive approach

$133,890

$143,603

$144,000

$145,290

Prepare a forecast for January of next year using a 4 period moving average technique

$133,890

$143,603

$144,179

$145,290

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