Use the following time-series data to answer the given questions. a. Develop forecasts for periods 5 through
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a. Develop forecasts for periods 5 through 10 using 4-month moving averages.
b. Develop forecasts for periods 5 through 10 using 4-month weighted moving averages. Weight the most recent month by a factor of 4, the previous month by 2, and the other months by 1.
c. Compute the errors of the forecasts in parts (a) and (b) and observe the differences in the errors forecast by the two differenttechniques.
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a 4mo movavg Error 4475 1425 5275 1325 6150 950 6475 2125 7050 3050 81...View the full answer
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