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Problem 1 2 - 2 ( Algo ) Given the series of demand data below Period: 1 2 3 4 5 6 7 8 9

Problem 12-2(Algo)
Given the series of demand data below
Period: 12345678910
Demand: 43365239194137422943
Click here for the Excel Data File
a. Calculate the forecasts for periods 7 through 11 using moving average models with n =2, n =4, and n =6.
b-1. Calculate the bias and MAD for each set of forecasts.
b-2. Which moving average model is best with respect to MAD?

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