Solution-Forecast average cash bonus for financial

Forecast average cash bonus for financial investment

Reference no: EM131115798

Cash bonuses paid to financial investment employees were reduced during the 2007 economic recession and have shown signs of rebounding with the recent recovery. The following data show the average cash bonus, in thousands of dollars, for New York City investment employees over an eight-year period.

Year	Average Cash Bonus ($000)
2005	149.8
2006	191.4
2007	177.8
2008	100.9
2009	140.6
1010	139.0
2011	111.3
2012	121.9

Part A: Using a three-period simple moving average, forecast the average cash bonus for a financial investment employee in New York City in 2013.

Part B: Calculate the MAD for the forecast in part A.

Part C: Using a two-period weighted moving average with the weights 3 and 2, forecast the average cash bonus for a financial investment employee in New York City in 2013.

Part D: Calculate the MAD for the forecast in part C.

Reference no: EM131115798

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Forecast average cash bonus for financial investment

Reference no: EM131115798

Reference no: EM131115798

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