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

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!