Question: . . . . 1h 26 The dIstance driven by a transport company's truck monthly Is shown below WIth forecasts using 2-month and 3-month moving

. . . . 1h 26 The dIstance driven by a transport company's truck monthly Is shown below WIth forecasts using 2-month and 3-month moving averages. Using 2-month moving average Month Actual Forecast |Error| 1 360 2 468 3 450 414 36 4 450 459 9 5 438 450 12 6 444 444 0 7 366 441 75 Using 3-month moving average Month Actual Forecast |Error| 1 360 2 468 3 450 4 450 426 24 5 438 456 18 6 444 446 2 7 366 444 78 b) What is the MAD (MAE) for the 3-month moving average forecasts? a) What is the MAD (MAE) for the 2month moving average forecasts? C] c) Which of the two forecasting methods provides better accuracy? 0 2-month moving average 0 3month moving average 0 neither

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