Question: For the data given below find the forecast for year 10 using Nave method Moving averages with n=2 Weighted moving averages with n=2 and the
- For the data given below find the forecast for year 10 using
- Nave method
- Moving averages with n=2
- Weighted moving averages with n=2 and the weight the most recent data equal 3 and the previous year weight equal 1.
- Exponential smoothing with a = 0.7
- Comparing the weighted average and moving average methods in b and c which method yields better results based on MAD?
- Use regression analysis to find the forecast for year 10.
| Period | Actual | Forecast |
| 1 | 13 | |
| 2 | 25 | |
| 3 | 35 | |
| 4 | 46 | |
| 5 | 66 | |
| 6 | 71 | |
| 7 | 80 | |
| 8 | 88 | |
| 9 | 95 | |
| 10 | ? |
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