Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows:
Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: Month January February March April May June This exercise contains only parts a, b, and c. a) Using a 2- onth moving average, the for ast Price Per Chip $1.85 $1.61 $1.60 $1.85 $1.90 $1.89 Month July August September October November December Price Per Chip $1.90 $1.85 $1.70 $1.60 $1.60 $1.75 periods 11 and 12 is (round your responses to two decimal places): Month Mar Apr May Jun Jul Forecast $1.73 1.61 1.73 1.88 1.90 Aug Sep 1.90 1.88 Oct Nov Dec 1.78 3 1.67 1.6 b) Using a 3-month moving average, the forecast for periods 11 and 12 is (round your responses to two decimal places): Month Apr Forecast $1.69 May Jun Jul Aug Sep Oct Nov Dec 1.69 1.78 1.88 1.90 1.88 1.82 c) The mean absolute deviation based on a 2-month moving average of March through December is $ places). The mean absolute deviation based on a 3-month moving average of April through December is $ places). (round your response to three decimal (round your response to three decimal
Step by Step Solution
★★★★★
3.54 Rating (154 Votes )
There are 3 Steps involved in it
Step: 1
a Using a 2month moving average Forecast for period 11 Nov Price per chip in Oct Price per chip in Sep 2 160 170 2 330 2 165 Forecast for period 12 De...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