Question: Use a three-period simple moving average and weighted-moving average and Naive methods to forecast the 8th month. Calculate and compare the MAD for methods. Month
Use a three-period simple moving average and weighted-moving average and Naive methods to forecast the 8th month. Calculate and compare the MAD for methods.
| Month | Sales | MA | AD | WMA | AD | Naive | AD |
| 1 | 20 | --- | --- | --- | --- | --- | --- |
| 2 | 25 | --- | --- | --- | --- | --- | --- |
| 3 | 22 | --- | --- | --- | --- | --- | --- |
| 4 | 26 |
|
|
|
|
|
|
| 5 | 22 |
|
|
|
|
|
|
| 6 | 24 |
|
|
|
|
|
|
| 7 | 26 |
|
|
|
|
|
|
| 8 | ---- | ? |
|
|
| ? |
|
AD: Absolute Deviation
MA: Moving Average
WMA: Weighted Moving Average
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
