Question: Use a 3 - period weighted moving average forecast to calculate your forecast for September. Use 0 . 7 for the most recent period's weight,

Use a 3-period weighted moving average forecast to calculate your forecast for September. Use 0.7 for the most recent period's weight, 0.25 for the next period's weight, and 0.05 for the most distant period's weight.
What is the mean absolute deviation (MAD) of your prediction? Round and enter your answer to one decimal place.

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!