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Ben Swanson, owner and manager of Swanson's Department Store, has decided to use statistical forecasting to get a better handle on the demand for his

Ben Swanson, owner and manager of Swanson's Department Store, has decided to use statistical forecasting to get a better handle on the demand for his major products. However, Ben now needs to decide which forecasting method is most appropriate for each category of product. One category is major household appliances, such as washing machines, which have a relatively stable sales level. Monthly sales of washing machines last year are shown below.
Month Sales
January 23
February 24
March 22
April 28
May 22
June 27
July 20
August 26
September 21
October 29
November 23
December 28
Click here for the Excel Data File
Use the last-value method retrospectively to determine what the forecasts would have been for the last 11 months of last year. What are MAD and MSE?
Note: Round your answers to 1 decimal place.
Use the averaging method retrospectively to determine what the forecasts would have been for the last 11 months of last year. What are MAD and MSE?
Note: Round your answers to 1 decimal place.
Use the moving-average method with n =3 retrospectively to determine what the forecasts would have been for the last nine months of last year. What are MAD and MSE?
Note: Round your answers to 1 decimal place.

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