Question: The following data show the average prices for flat panel televisions in the United States over a six quarter period. a. Forecast the average price

The following data show the average prices for flat panel televisions in the United States over a six quarter period.

Month Q '1 Q2 1 Q3 ' Q4 Q 12 Q2 12

a. Forecast the average price of a flat panel TV in the third quarter of 2012 using a two period simple moving average.

b. Calculate the MAD for the forecast in part a.

c. Forecast the average price of a flat panel TV in the third quarter of 2012 using a three period simple moving average.

d. Calculate the MAD for the forecast in part b.

e. Which forecast would you choose?

Month Q '1 Q2 1 Q3 ' Q4 Q 12 Q2 12 Price ( .108 1124 1,142 1.130 1.190 1224

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