Question: 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

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.

AppendixLO1

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