Question: a) Using a 2-month moving average, calculate the forecast for March and April (round your responses to two decimal places). Month Mar Apr Forecast $1.71

a) Using a 2-month moving average, calculate the forecast for March and April (round your responses to two decimal places). Month Mar Apr Forecast $1.71 $1.70 b) Using a 3-month moving average, calculate the forecast for April. The forecast for April is $ 1.73 (round your response to two decimal places) c) Calculate the mean absolute deviation based on a 2-month average. The mean absolute deviation based on 2-month moving average of March through April is $ 0.153 (round your response to three decimal places). Calculate the mean absolute deviation based on a 3-month average. The mean absolute deviation based on a 3-month moving average of April is $ 0.187 (round your response to three decimal places) Based on the mean absolute deviation, the 2-month moving average has performed better. Month January February March April Price Per Chip $1.90 $1.66 $1.62 $1.91

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