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Consider the following data: Month Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Profit ($) 5,450 5,203 4,884 4,517 5,110 5,438 6,019 6,117 5,859

Consider the following data:

Month Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12
Profit ($)

5,450

5,203

4,884

4,517

5,110

5,438

6,019

6,117

5,859

Step 1 of 5: Determine the three-period moving average for the next time period. If necessary, round your answer to one decimal place.

Step 2 of 5: What are the MAD, MSE and MAPE scores for the three-period moving average? Round any intermediate calculations, if necessary, to no less than six decimal places, and round your final answer to one decimal place.

Step 3 of 5: Determine the three-period weighted moving average for the next time period with weights of 3 (most recent), 2 (second recent), and 1 (oldest time period).If necessary, round your answer to one decimal place.

Step 4 of 5: What are the MAD, MSE and MAPE scores for the three-period weighted moving average forecast? Round any intermediate calculations, if necessary, to no less than six decimal places, and round your final answer to one decimal place.

Step 5 of 5:

Based on theMAD scores, which forecast is best?

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