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Using the table below creating a 3-year and 4-year moving average and predict sales for 2008. Find the mean absolute deviation (MAD) for both the
Using the table below creating a 3-year and 4-year moving average and predict sales for 2008. Find the mean absolute deviation (MAD) for both the 3 and 4 year moving averages.(
MAD = Error
n
Year | Sales | 3-Year Moving Average | Absolute Error 3-year Moving Average | 4-Year Moving Average | Absolute Error 4-Year Moving Average |
2001 | 2030 |
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|
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2002 | 2155 |
|
|
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2003 | 2382 |
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|
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2004 | 2412 |
|
|
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2005 | 2606 |
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|
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2006 | 2892 |
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2007 | 3018 |
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|
|
2008 |
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|
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MAD 3-Year Moving Average ________________________
MAD 4-Year Moving Average _________________________
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