Question: Consider the time series below. Complete parts a through e below. a ) Forecast the demand for Period 8 using a two - period simple

Consider the time series below. Complete parts a through e below.
a) Forecast the demand for Period 8 using a two-period simple moving average.
The forecasted demand for Period 8 using a two-period simple moving average is
(Type an integer or a decimal. Do not round.)
b) Calculate the MAD for the forecast in part a.
MAD =
(Round to three decimal places as needed.)
c) Forecast the demand for Period 8 using a three-period simple moving average.
The forecasted demand for Period 8 using a three-period simple moving average is
(Round to two decimal places as needed.)
d) Calculate the MAD for the forecast in part c.
MAD =
(Round to three decimal places as needed.)
e) Which forecast would you choose?
Choose the correct answer below.
A. Choose the three-period simple moving average, because it has the higher MAD.
B. Choose the three-period simple moving average, because it has the lower MAD.
C. Choose the two-period simple moving average, because it has the lower MAD.
D. Choose the two-period simple moving average, because it has the higher MAD.
 Consider the time series below. Complete parts a through e below.

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