Using Interactive Operations Management (IOM) Java applets3 – go
to specifically the link with forecasting. Compare a 3-month Simple
Moving Average forecast to an Exponential Smoothing forecast
(alpha= .3).

http://highered.mheducation.com/sites/0078024102/student_view0/interactive_operations
_management__iom__java_applets.html#

Use the following data points for your analysis:

77, 59, 79, 78, 62, 72, 76, 70, 74, 69, 71

1.Compare the MSE and MAD and explain which has a better forest
accuracy, additionally when you change the alpha value high/low in
comparison to current alpha value of 0.3, does the comparison
change, if it does at which alpha value it changes

2.please explain the simple moving average forecasting technique
(specifically which type of data sets can use this forecasting, and
which data set types cannot use this technique) and exponential
smoothing average (specifically explain what is smoothing constant
and what’s its role when alpha is close to zero versus one).