Respond to each of the items using the following time series data.

a. G raph the time series data. What do you observe?

b. Compute all possible forecasts using a three-period moving average and compute the MAD.

c. Compute all possible forecasts using a six-period moving average and compute the MAD

d. Compute the forecast demand for period 17 for each model.

e. Comparing the two forecast models, explain which model you would choose to make forecasts.

Transcribed Image Text:

Period Demand Period Demand 1 104 9 329 207 10 143 383 11 285 4 183 12 188 181 13 378 212 14 373 7 167 15 101 8 262 16 103