It looks like Wall Street?s annual cash bonuses are slowly recovering from the 2007?2008 recession. In 2017
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It looks like Wall Street?s annual cash bonuses are slowly recovering from the 2007?2008 recession. In 2017 the bonuses hit the highest level since before the recession. These data can also be found in the excel file average bonus.xlsx.
a. Using a three-period simple moving average, forecast the average cash bonus for a financial investment employee in New York City in 2018.
b. Calculate the MAD for the forecast in part a.
c. Using a two-period weighted moving average with the weights 3 and 2, forecast the average cash bonus for a financial investment employee in New York City in 2018.
d. Calculate the MAD for the forecast in part c.
e. Which forecast do you have most confidence in?
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a b MAD 113175 2263 c d MAD 134886 2248 e The MAD of the forecast using 3period simple moving ...View the full answer
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