Consider the following time series: a. Forecast the demand for Period 8 using a two- period simple
Question:
Consider the following time series:
a. Forecast the demand for Period 8 using a two- period simple moving average.
b. Calculate the MAD for the forecast in part a.
c. Forecast the demand for Period 8 using a three- period simple moving average.
d. Calculate the MAD for the forecast in part b.
e. Which forecast would you choose?
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a b c d e The 3period Simple Mov...View the full answer
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