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Compute a 3 month moving average for april

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Reference no: EM132630068

The following table shows actual sales for a product over several months Months Sales unit

January 433

February 241

March 302

April 327

May 467

June 355

i. Compute a 3 month moving average for April, May and June

ii. Calculate the forecast error (deviations) for April, May and June

iii. Compute the Mean Absolute Deviation for the 3 month moving average forecast

iv. Explain how you would compare the Mean Absolute Deviation over two periods to determine the accuracy of a forecast.

Reference no: EM132630068

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