# 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?

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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