Use this information to answer the following questions.
The following time series,provided by the Federal Loan Home Mortgage Corporation,represents weekly 30-year fixed mortgage rates.
-Refer to the table above.a.Use exponential smoothing with a smoothing constant of 0.5 to forecast the next weekly mortgage rate.
b.Use exponential smoothing with a smoothing constant of 0.9 to forecast the next weekly mortgage rate.
c.Which of the two methods provides a more accurate forecast based on the MAD criterion?
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