# Use the following time-series data to answer the given questions. a. Develop forecasts for periods 5 through

## Question:

Use the following time-series data to answer the given questions.

a. Develop forecasts for periods 5 through 10 using 4-month moving averages.

b. Develop forecasts for periods 5 through 10 using 4-month weighted moving averages.Weight the most recent month by a factor of 4, the previous month by 2, and the other months by 1.

c. Compute the errors of the forecasts in parts (a) and (b) and observe the differences in the errors forecast by the two differenttechniques.

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**Related Book For**

## Business Statistics for Contemporary Decision Making

**ISBN:** 978-0470910184

6th Edition

**Authors:** Ken Black