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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 4 months were as follows:
Month
Price Per Chip
January
$1.85
February
$1.61
March
$1.64
April
$1.83
This exercise contains only parts a, b, and c.
Part 2
a) Using a2-month moving average, calculate the forecast for March and April (round your responses to two decimal places).
Month
Mar
Apr
Forecast
$
1.73
$
1.63
Part 3
b) Using a3-month moving average, calculate the forecast for April.
The forecast for April is $
1.7(round your response to two decimal places).
Part 4
c) Calculate the mean absolute deviation based on a2-month average.
The mean absolute deviation based on2-month moving average of March through April is $
0.148(round your response to three decimal places).
Part 5
Calculate the mean absolute deviation based on a3-month average.
The mean absolute deviation based on a3-month moving average of April is $
enter your response here (round your response to three decimal places).

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