Question: Forecast years 5-8 using moving average method with averaging period of 1 and 2. Calculate MAD values using values for years 5-8 for both models.
Forecast years 5-8 using moving average method with averaging period of 1 and 2. Calculate MAD values using values for years 5-8 for both models. Which model is more accurate based on MAD?
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Year | Actual Sales | Forecast AP=1 |
| Forecast AP=2 |
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| 1 | 565 |
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| 2 | 590 |
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| 3 | 583 |
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| 4 | 597 |
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| 5 | 615 |
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| 6 | 611 |
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| 7 | 610 |
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| 8 | 623 |
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