Question: Mean absolute deviation for the forecast developed using the 3-year moving average is 2.55 and for the 3-year weighted moving average is 2.64. Based on
Mean absolute deviation for the forecast developed using the 3-year moving average is 2.55 and for the 3-year weighted moving average is 2.64. Based on this information, the better forecast is achieved using the 3-year moving average or the weighted moving average approach?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
