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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