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The sales of Regiferators at the Walmart stores have grown steadily during the past six years as shown in the table below.
Year
Sales
WMA-3
MA-2
Error^2
1
460
-
2
495
3
520
4
568
5
594
6
605
(a) Provide a forecast by using a 3-year weighted moving average technique with weights 4, 2, and 1 (4 = most recent).
(b) Forecast sales using a 2-year moving average technique.
(c ) What is the MSE from the 2-year moving average? Round answers to 3 decimal places.
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