Moving Average and Weighted Moving Average For the data below, develop a 3-month moving average to forecast battery sales. Then estimate demand again with a weighted 3 month moving average in which sales in the most recent month are given a weight of 5 and sales in the other two months are each given a weight of 2.
Year Demand for Fertilizer (1000s of bags)
1 4
2 6
3 4
4 5
5 10
6 8
7 7
8 9
9 12
10 14
11 15
Question 1: What is the three-year moving average forecast for Wallace Garden Supply?
Question 2: What is the Mean Absolute Deviation (MAD) for the above moving average forecast?
Question 3: What is the three-year weighted moving average forecast for Wallace Garden Supply?
Question 4: What is the Mean Absolute Deviation (MAD) for the above weighted moving average forecast?
Question 5: Based on your previous calculation, which method do you think is the best?
Answers: 3
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Moving Average and Weighted Moving Average For the data below, develop a 3-month moving average to f...
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