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The sale of EpoxyShield's asphalt repair product for the past 10 months is as shown below. If EpoxyShield uses 3- month moving average to forecast
The sale of EpoxyShield's 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 9 10 Sales 305 315 320 325 322 336 340 342 355 360 3) What are the forecasts for months 4-11? b) What is the resulting MAE, MSE and MAPE values? QUESTION 3 3) Using the data given in Question 2, forecast the sales of EpoxySheid's asphalt repair product for the month 11 using linear trend projection forecast using the least squares method. b) What is the resulting MAE, MSE and MAPE values? c) Compare moving average forecast with trend projection forecast. Which method is better? Why? Page 1 of 2
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