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Which set of forecasts is more accurate

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Problem 1: Which set of forecasts is more accurate? Is it the simple moving average forecasts or the weighted moving average forecasts? Why is that set of forecasts more accurate in this particular case (using Data Set E3)?

The weighted moving average forecast is more accurate. You can use the mean absolute deviation (MAD) to compare forecast accuracy. For the SMA, the MAD for the 2 periods is 975. For the WMA forecast, the MAD is 753.8.``

Reference no: EM132930798

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