Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

c ) The forecast for year 6 using a weighted 2 - year moving average with weights of 0 . 4 5 and 0 .

c) The forecast for year 6 using a weighted 2-year moving average with weights of 0.45 and 0.55(the weight of 0.55 is for the most recent period)=3795 miles (round your response to the nearest whole number).
The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.45 and 0.55= miles (round your response to one decimal place).(Hint: You will have only 3 years of matched data.)
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these General Management questions