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The sale of EpoxyShields asphalt repair product for the past 10 months is as shown below. If EpoxyShield uses 3- month moving average to forecast
The sale of EpoxyShields asphalt repair product for the past 10 months is as shown below. If EpoxyShield uses 3- month moving average to forecast sales:
Month 1 2 3 4 5 6 7 8 9 10
Sales 305 315 320 325 322 336 340 342 355 360
a) What are the forecasts for months 4-11?
b) What is the resulting MAE, MSE and MAPE values?
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