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Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 4 months were as follows:

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Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 4 months were as follows: Month Price Per Chip January $1.80 February $1.66 $1.77 $1.93 March April This exercise contains only parts a, b, and c. a) Using a 2-month moving average, calculate the forecast for March and April (round your responses to two decimal places). Month Forecast Mar $ 1.79 Apr $ 1.77 b) Using a 3-month moving average, calculate the forecast for April. The forecast for April is $ 1.78 (round your response to two decimal places). c) Calculate the mean absolute deviation based on a 2-month average. The mean absolute deviation based on 2-month moving average of March through April is $ three decimal places). (round your response to

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