Consider the following data time 1 2 3 4 5 6 7 8 9 10 price, Operation Management

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Consider the following data time 1 2 3 4 5 6 7 8 9 10 price

Consider the following data: time: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10 price: 56, 92, 93, 96, 107, 122, 135, 137, 144, 158

For this data, develop a 3-period weighted moving average forecast (you choose the weights) and an exponential smoothing forecast (you choose alpha). Using either MAPE, MSE or MAD, determine which of your forecasting methods is best.

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