Use this information to answer the following questions.
The following time series represent the total population of the United States,in thousands,over the last 12 years.
-Refer to the table above.
a.Use exponential smoothing with a smoothing constant of 0.5 to forecast the population of the United States in 2003.
b.Use exponential smoothing with a smoothing constant of 0.8 to forecast the population of the United States in 2003.
c.Which of the two methods provides a more accurate forecast based on the MAD criterion?
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