Question

The following data show the average prices for flat panel televisions in the United States over a six quarter period.
a. Forecast the average price of a flat panel TV in the third quarter of 2012 using a two period simple moving average.
b. Calculate the MAD for the forecast in part a.
c. Forecast the average price of a flat panel TV in the third quarter of 2012 using a three period simple moving average.
d. Calculate the MAD for the forecast in part b.
e. Which forecast would you choose?


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  • CreatedJuly 29, 2015
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