Develop spreadsheet models for forecasting prices using single moving average and single exponential smoothing.

1. For the data in the Excel file Ohio Prison Population do the following: a. Develop spreadsheet models for forecasting both male and female populations using single moving average and single exponential smoothing. b. Using MAD, MSE, and MAPE as guidance, find the best number of moving average periods and best smoothing constant for exponential smoothing. 2. For the data in the Excel file Gasoline Prices do the following: a. Develop spreadsheet models for forecasting prices using single moving average and single exponential smoothing. b. Using MAD, MSE, and MAPE as guidance, find the best number of moving average periods and best smoothing constant for exponential smoothing.

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