Given the series of demand data below. Period 1 2 3 4 5 6 7 8 9
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Question:
Given the series of demand data below.
Period 1 2 3 4 5 6 7 8 9 10
Demand 40 33 56 43 23 45 38 40 29 40
a. Calculate the forecasts for periods 7 through 11 using moving average models with n = 2, n = 4, and n = 6.
b. Calculate the bias and MAD for each set of forecasts. Which moving average model is best?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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