Using the table below creating a 3 year and 4 year moving average and predict sales for 2008 Find the mean absolute deviation (MAD) for both the 3 and 4 year moving averages ( MAD n Year Sales 3 Year Moving Average Absolute Error 3 year Moving Average 4 Year Moving Average Absolute Error 4 Year Moving Average 2001 2030 2002 2155 2003 2382 2004 2412 2005 2606 2006 2892 2007 3018 2008 MAD 3 Year Moving Average MAD 4 Year Moving Average Hint Absolute just means all the numbers are positive, even if they are calculated to be a negative number

The Answer is in the image, click to view ...

Question: Using the table below creating a 3-year and 4-year moving average and predict sales for 2008. Find the mean absolute deviation (MAD) for both the

Using the table below creating a 3-year and 4-year moving average and predict sales for 2008. Find the mean absolute deviation (MAD) for both the 3 and 4 year moving averages.(

MAD =

Year	Sales	3-Year Moving Average	Absolute Error 3-year Moving Average	4-Year Moving Average	Absolute Error 4-Year Moving Average
2001	2030
2002	2155
2003	2382
2004	2412
2005	2606
2006	2892
2007	3018
2008

MAD 3-Year Moving Average ________________________

MAD 4-Year Moving Average _________________________

*Hint Absolute just means all the numbers are positive, even if they are calculated to be a negative number.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Problem 2. (10 Marks) Using the table below creating a 3-year and 4-year moving average and predict sales for 2008. Find the mean absolute deviation (MAD) for both the 3 and 4 year moving averages....

Question 2.) Using the table below creating a 3-year and 4-year moving average and predict sales for 2008. Find the mean absolute deviation (MAD) for both the 3 and 4 year moving averages. Year Sales...

Using the table below creating a 3-year and 4-year moving average and predict sales for 2008. Find the mean absolute deviation (MAD) for both the 3 and 4 year moving averages.( MAD = Error n Year...

The ACME Corporation has experienced steady growth in annual sales in its 10-year history. (See Table 3). The firm has traditionally used a 4-year moving average to predict sales for the coming year....

NT 5160, Fall 2015 Semester Individual Case Assignment: Cutting Edge This case was adapted from Hiller, Frederick S. & Mark S. Hillier (2014). Introduction to Management Science: A Modeling and Case...

adapter's is snown in lable 1. Suppose that in the past, Clarence had forecast sales for each month to be the sales that were actually achieved in the previous month. Using Table 1, calculate nave...

Hi there, I need some help with my assignment. Please find attached. Supply Chain Fundamentals 1. Graded Assignment: Fast Fashion Retailer The Fast Fashion Group (FFG) is a fast fashion retailer...

Supply Chain Fundamentals 1. Graded Assignment: Fast Fashion Retailer The Fast Fashion Group (FFG) is a fast fashion retailer company located in Spain and is one of the largest retailers in the...

DISTRIBUTION MANAGEMENT 1. Which of the following is (are) measure(s) to evaluate the performance of order fulfillment? a. number of lines delivered from a single order. b. the value of orders...

Assume that x[n] is real and even; i.e., x[n] = x[ n]. Further, assume that z 0 is a zero of X(z); i.e., X(z 0 ) = 0. (a) Show that 1/z 0 is also a zero of X(z). (b) Are there other zeros of X(z)...

Rogers Company signs a five-year capital lease with Packer Company for office equipment. The annual lease payment is $ 10,000, and the interest rate is 8%. Required 1. Compute the present value of...

Prime Cost and Conversion Cost Refer to the information for Grin Company. Grin Company manufactures digital cameras. In January, Grin produced 4,000 cameras with the following costs: Direct materials...

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...