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e manager of the Petroco Service Station wants to forecast the demand for unleaded gasoline next month so that the proper number of gallons can

e manager of the Petroco Service Station wants to forecast the demand for unleaded
gasoline next month so that the proper number of gallons can be ordered from the
distributor. The owner has accumulated the following data on demand for unleaded
gasoline from sales during the past 10 months:
Months Demand
October 800
November 725
December 630
January 500
February 645
March 690
April 730
May 810
June 1200
July 980
Part 1
Compute the following:
a- MA3
b- MA4
c- WMA3(0.5,0.3,0.2)
d- Exponential Smoothing forecast (\alpha =0.3)
e- Adjusted Exponential Smoothing forecast (\alpha =0.3,\beta =0.2)
Part 2
Using MAD, determine which of these five forecasts is more accurate.

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