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Use the table Television Sales Time Series to answer the questions below. Television Sales Time Series (in thousands) Day Sales Day Sales 1 24.0 9
Use the table Television Sales Time Series to answer the questions below.
Television Sales Time Series (in thousands) | |||
Day | Sales | Day | Sales |
1 | 24.0 | 9 | 26.0 |
2 | 25.0 | 10 | 27.0 |
3 | 26.0 | 11 | 27.0 |
4 | 27.0 | 12 | 26.5 |
5 | 28.5 | 13 | 28.0 |
6 | 28.0 | 14 | 27.0 |
7 | 27.0 | 15 | 29.0 |
8 | 27.5 |
Part (a): What is the project sales for Day 16 using a 3-day moving average? Part (b): What is the project sales for Day 16 using a 6-day moving average? Part (c): Use the mean absolute deviation (MAD) and mean square error (MSE) to determine which average provides the better forecast.
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