Mean absolute deviation for the forecast developed using the 3-year moving average is 2.55 and for the
Fantastic news! We've Found the answer you've been seeking!
Question:
Mean absolute deviation for the forecast developed using the 3-year moving average is 2.55 and for the 3-year weighted moving average is 2.64. Based on this information, the better forecast is achieved using the 3-year moving average or the weighted moving average approach?
Expert Answer:
Related Book For 
Introduction to Management Science A Modeling and Cases Studies Approach with Spreadsheets
ISBN: 978-0078024061
5th edition
Authors: Frederick S. Hillier, Mark S. Hillier
Posted Date:
