Question: Using the data in the following table, a) Compute 3-month moving average forecasts for all the months. b) Compute MAD for the forecast. c) Is

Using the data in the following table,

a) Compute 3-month moving average forecasts for all the months.

b) Compute MAD for the forecast.

c) Is 3-month moving average better than the exponentially smoothed forecast for this data? Explain and provide support for your decision.

Month

Demand

January

80

February

113

March

70

April

91

May

105

June

100

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