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The sales of Regiferators at the Walmart stores have grown steadily during the past six years as shown in the table below. Year Sales WMA-3
- The sales of Regiferators at the Walmart stores have grown steadily during the past six years as shown in the table below.
Year | Sales | WMA-3 | MA-2 | Error^2 |
1 | 460 | - | - | - |
2 | 495 | - | - | - |
3 | 520 | - | ||
4 | 568 | |||
5 | 594 | |||
6 | 605 | |||
(a) Provide a forecast by using a 3-year weighted moving average technique with weights 4, 2, and 1 (4 = most recent).
(b) Forecast sales using a 2-year moving average technique.
(c ) What is the MSE from the 2-year moving average?
Round answers to 3 decimal places.
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