Question: Using the time series shown in Problem 16 1 answer the

Using the time series shown in Problem 16.1, answer the following questions:
a. Forecast the demand for Period 8 using a three- period weighted moving average with weights 4, 3, and 1, applying 4 to the most recent data and 1 to the oldest data.
b. Calculate the MAD for the forecast in part a.

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  • CreatedJuly 29, 2015
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