Question: b-1. Calculate the bias (also called mean forecast error, or MFE) and mean absolute deviation (MAD) for each set of forecasts. Note that we can

b-1. Calculate the bias (also called mean

b-1. Calculate the bias (also called mean forecast error, or MFE) and mean absolute deviation (MAD) for each set of forecasts. Note that we can only calculate error in periods where we have both actual and forecast values. Therefore, your MFE and MAD will not include period 11. (Round your intermediate calculations and final answers to 1 decimal place.) Moving Average Forecast n = 2 n = 4 n = 6 (0.3) (3.3) 10.0 8.2 Bias (3.3) MAD 6.0 b-2. Which moving average model is best with respect to MAD? 6-week moving average 2-week moving average 4-week moving average

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