Question: Based on the mean absolute deviation, the 2-month moving average or the 3-month moving average has performed better? Lenovo uses the ZX-81 chip in some

Based on the mean absolute deviation, the 2-month moving average or the 3-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: This exercise contains only parts a, b, and c. a) Using a 2-month moving average, calculate the forecast for March and April (round your responses to two decimal places). b) Using a 3-month moving average, calculate the forecast for April. The forecast for April is $ (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 $ (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 $ (round your response to three decimal places)

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