Question: Develop a four-month moving average forecast for Wallace Garden Supply and compute the MAD. A three-month moving average forecast was developed in the attached table
Develop a four-month moving average forecast for Wallace Garden Supply and compute the MAD. A three-month moving average forecast was developed in the attached table
MONTH ACTUAL SALES 3 MONTH MOVING AVERAGE
JAN 10
FEB 12
MAR 13
APR 16 11.67
MAY 19 13.67
JUN 23 16
JUL 26 19.33
AUG 30 22.67
SEP 28 26.33
OCT 18 26
NOV 16 25.33
DEC 14 20.67
JAN 16
The Mean Absolute Deviation (MAD) for the above forecast is? (Please round to 2 decimal place)
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