Question: A simple forecasting method for weekly sales of flash drives used by a local computer dealer is to form the average of the two most

A simple forecasting method for weekly sales of flash drives used by a local computer dealer is to
form the average of the two most recent sales figures. Suppose sales for the drives for the past 12
weeks were
a. Determine the one-step-ahead forecasts made for periods 3 through 12 using this method.
b. Determine the forecast errors for these periods.
c. Compute the MAD, and the MSE based on the forecast errors computed in part (b).
=0.15. To get the method started, use the forecast for week 4 that you calculated in part a.
c. Based on MAD, which method performed better?

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