Question: Using a four - month moving average, determine the two - step - ahead forecast for July through December 2 0 2 3 . That
Using a fourmonth moving average, determine the twostepahead forecast for July through December That is start at the end of May, make an MA forecast for July at the end of May. Then observe June sales and at the end of June, make a forecast for August and so on Compute the MAD.
Comparing the onestepahead forecasts computed in the previous question and the twostepahead forecasts in this question, which method gave better results? Based on your understanding of timeseries forecasting, why did this method give better results?
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