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a . Given the following monthly labor figures, make a forecast for June using a three - period moving average and a five - period
a Given the following monthly labor figures, make a forecast for June using a threeperiod moving average and a fiveperiod moving average. Round answers to decimal places, eg
Month Actual Values
January
February
March
April
May
Period Moving Average
Period Moving Average
b What would be the forecast for June using the nave method?
Forecast for June
c If the actual labor figure for June turns out to be what would be the forecast for July using each of these models? Round answers to decimal places, eg
Period Moving Average
Period Moving Average
Nave method
d Compare the accuracy of these models using the mean absolute deviation MADRound answers to decimal places, eg
MAD period
MAD period
MAD nave
e Compare the accuracy of these models using the mean squared error MSERound answers to decimal places, eg
MSE period
MSE period
MSE nave
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