Compare the forecasts created using mean absolute deviation

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Reference no: EM13897000

The owner of an online video rental service has recorded the following rentals each week:

Week:	1	2	3	4	5	6	7	8
Rentals:	1202	1503	1444	1254	1609	1499	1689	1555

a. Use a three-week moving average to forecast sales for each of the weeks 4 through 9.

b. Use a four-week moving average to forecast sales for each of the weeks 5 through 9.

c. Compare the forecasts created by these two methods using mean absolute deviation. Which forecasting method would you recommend?

Reference no: EM13897000

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