Question: Given the series of demand data below a. Calculate the forecasts for periods 7 through 11 using moving average models with n=2, n=4, and n=6.

Given the series of demand data below

a. Calculate the forecasts for periods 7 through 11 using moving average models with n=2, n=4, and n=6.
b. Calculate the Bias and MAD for each set of forecasts. Which moving average model is best?

1 2345 678 9 10 Demand: 4033 56 43 23 45 38 40 9 40

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a Week n 2 n 4 n 6 7 23 452 34 564323454 418 4033564323456 40 8 45382 415 432345384 373 335643234538... View full answer

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