Question: Table 1 Forecast 1: Simple Moving Average, n= 3 (a) (b) (c) (d) (e) Period 2015 Actual Shipments 3 Period Moving Average 3 Period Forecasted

Table 1

Forecast 1: Simple Moving Average, n= 3

(a)

(b)

(c)

(d)

(e)

Period

2015 Actual Shipments

3 Period Moving Average

3 Period Forecasted Shipments

Error

January

400

X

X

X

February

900

X

X

X

March

600

X

X

April

600

May

500

June

700

July

1,100

August

1,000

September

500

October

500

November

1,100

December

1,630

Total Year

9,530

X-bar

Bias

Bias X-bar

Absolute Deviation

Absolute Deviation x-bar

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