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 $

a) Using a 2-month moving average calculate the
a) Using a 2-month moving average calculate the
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 $ 1.73 $ 1.66 b) Using a 3-month moving average, calculate the forecast for April. The forecast for April is $ 170 (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 $ 0.178 (round your response to three decimal places). Calculate the mean absolute deviation based on a 3-month average. The mean absoluta deviation based on a 3-month moving average of April is $ 0.227 (round your response to three decimal places) Based on the mean absolute deviation, the 2-month moving average has performed better Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 4 months were as follows: Month Price Per Chip January $1.90 February $1.63 March $1.61 April $1.92

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 4 months were as follows: Month January February March April Price Per Chip $1.80 $1.66 $1.66 $1.93...

Q:

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,...

Q:

Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 4 months were as follows: Month January February March April Price Per Chip $1.80 $1.66 $1.62 $1.89...

Q:

Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 4 months were as follows: Month January February March April Price Per Chip $1.80 $1.68 $1.78 $1.93...

Q:

Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 4 months were as follows: Month January February March April Price Per Chip $1.80 $1.66 $1.61 $1.93...

Q:

Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 4 months were as follows: Month January February March April Price Per Chip $1.80 $1.66 $1.77 $1.95...

Q:

Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 4 months were as follows: Month January February March April Price Per Chip $1.80 $1.68 $1.66 $1.95...

Q:

Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 4 months were as follows Month January February March April Price Per Chip $1.80 $1.66 $1.62 $1.92...

Q:

Month January February March April Price Per Chip $1.85 $1.66 $1.66 $1.83 Mar This exercise contains only parts a, b, and a a) Using a 2-month moving average, calculate the forecast for March and...

Q:

Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 4 months were as follows: Month January February March April Price Per Chip $1.85 $1.66 $1.62 $1.87...

Q:

The chromate ion has the formula CrO42. Name the acid that forms with this ion: H2CrOalaq). hydrochromic acid O chromic acid hydrochromous acid chromous acid Ochromatic acid

Q:

The data in Table 30-2 describe inflation and unemployment in the United States from 1979 to 1987. That the economy started out near the NAIRU in 1979 and ended near the NAIRU in 1987. Can you...

Q:

Which of these are sources of personal capital? Select all that apply. Loan from a venture capitalist Loan from a relative Loan from a bank Personal savings

Q:

Read the articles on journaling and review the template provided. Identify what approach, to journaling, in the articles you found useful and why. Post to the discussion forum that you have reviewed...