Answered step by step
Verified Expert Solution
Question
1 Approved Answer
for the chip during the last 4 months were as follows: Month Price Per Chip January $ 1 . 8 5 February $ 1 .
for the chip during the last months were as follows:
Month
Price Per Chip
January
$
February
$
March
$
April
$
This exercise contains only parts a b and c
Part
a Using amonth moving average, calculate the forecast for March and April round your responses to two decimal places
Month
Mar
Apr
Forecast
$
$
Part
b Using amonth moving average, calculate the forecast for April.
The forecast for April is $
round your response to two decimal places
Part
c Calculate the mean absolute deviation based on amonth average.
The mean absolute deviation based onmonth moving average of March through April is $
round your response to three decimal places
Part
Calculate the mean absolute deviation based on amonth average.
The mean absolute deviation based on amonth moving average of April is $
enter your response here round your response to three decimal places
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started