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Use the table Television Sales Time Series to answer the questions below.
Television Sales Time Series
(in thousands)
Day
Sales
1
24.0
9
26.0
2
25.0
10
27.0
3
11
4
12
26.5
5
28.5
13
28.0
6
14
7
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.
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