Question: 1 - Using the data in following table, a ) Compute a 3 - month moving forecast of Sales from April through December and for
Using the data in following table,
a Compute a month moving forecast of Sales from April through December and for the next month,
January. Compute the MAD for the forecast.
b Compute a month moving forecast of Sales from July through December and for the next month,
January. Compute the MAD for the forecast.
c Compute a weighted month moving forecast of Sales from April through December and for the next
month, January, using weights of most recent data and most distant data Compute
the MAD for the forecast.
D Compare the forecasts you computed by using moving forecast model from part a b and c Which
forecasting model does a better job?
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