You are interested in forecasting the average monthly price…

You are interested in forecasting the average monthly price of regular unleaded gasoline per gallon in Florida (in dollars). You have collected monthly data to help you forecast the average price of regular unleaded gasoline per gallon in Florida next month. Use the regular gas price data to answer the question. Use the exponential smoothing forecasting method. What is the value of the MSD for the exponential smoothing (gas price) model with a constant/weight of 0.9? Provide a leading 0 and 3 decimal places.

You are interested in forecasting the average monthly price…

You are interested in forecasting the average monthly price of regular unleaded gasoline per gallon in Florida (in dollars). You have collected monthly data to help you forecast the average price of regular unleaded gasoline per gallon in Florida next month. Use the regular gas price data to answer the question. Use the seasonal index forecasting method. What is the value of the seasonal component for time period 26? Provide a leading 0 and 4 decimal places