Question: Here is the data to work with: Week Auto Sales 1 8 2 10 3 9 4 11 5 10 6 13 7 - Using

Here is the data to work with:

Week

Auto Sales

1

8

2

10

3

9

4

11

5

10

6

13

7

-

Using the Naive Method the MAD for the forecast of weeks 4-7=2

Using a 3-week moving average method the MAD for the forecast of weeks 4-7 =1.67

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HERE IS MY QUESTION:

Develop a 3-week weighted-moving average and make a forecast for week 4-7 using the following weights. What is the MAD for your forecast?

Weights

Period

3

Last week

2

Two weeks ago

1

Three weeks ago

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