Using the MAD calculated for a, b, and c, determine which forecast method is the most accurate.

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Using the MAD calculated for a, b, and c, determine which forecast method is the most accurate. Explain your answer.

a. (3 period moving average) MAD = 40.22

b. (weighted moving average 0.5, 0.3, 0.2) MAD = 46.58

c. (exponential smoothing forecast, alpha = 0.2) MAD = 50.76

Posted Date: May 18, 2024 06:00 AM

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Using the MAD calculated for a, b, and c, determine which forecast method is the most accurate.

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