Use mad to compare simple moving & weighted moving average

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Reference no: EM1320435

Question: The United State Census Bureau publishes data on factory orders for all manufacturing, durable goods, and nondurable goods industries. Shown here are factory orders in the United States from 1987 through 1999 [$ billion]. Find which method results are more suitable for forecasting factory orders? [Clue: Compare the two methods based on Mean Absolute Deviation]?

Reference no: EM1320435

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Use mad to compare simple moving & weighted moving average : Use Mad to compare simple moving & weighted moving average

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