Use the mean absolute deviation mad and mean square error

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Reference no: EM13583100

Use the table Television Sales Time Series to answer the questions below.

Television Sales Time Series (in thousands)
Day	Sales	Day	Sales
1	24.0	9	26.0
2	25.0	10	27.0
3	26.0	11	27.0
4	27.0	12	26.5
5	28.5	13	28.0
6	28.0	14	27.0
7	27.0	15	29.0
8	27.5

Part (a): What is the project sales for Day 16 using a 3-day moving average?
Part (b): What is the project sales for Day 16 using a 6-day moving average?
Part (c): Use the mean absolute deviation (MAD) and mean square error (MSE) to determine which average provides the better forecast.

Reference no: EM13583100

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