Compute three-month moving average forecast

Assignment Help Operation Management

Reference no: EM132183411

Given the data below:

Month Demand for Soft Shag Carpet (1000 yd.)

1 5

2 10

3 6

4 8

5 14

6 10

7 9

8 12

Compute a three-month moving average forecast for months 4 thru 9.

Compute a weighted three-month moving average for months 4 thru 9. Assign weights of 0.55, 0.33 and 0.12 to the months in sequence, starting with the most recent month.

Compare the two forecasts using MAD. Which forecast appears to be more accurate?

Reference no: EM132183411

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