a) Using a 2-year moving average, the forecast for year 6 = miles (round your response to the nearest whole number). miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.) b) If a 2-year moving average is used to make the forecast, the MAD based on this = c) The forecast for year 6 using a weighted 2-year moving average with weights of 0.45 and 0.55 (the weight of 0.55 is for the most recent period) = miles (round your response to the nearest whole number). The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.45 and 0.55 = miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.)

a) Using a 2-year moving average, the forecast for year 6 = miles (round your response to the nearest whole number). miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.) b) If a 2-year moving average is used to make the forecast, the MAD based on this = c) The forecast for year 6 using a weighted 2-year moving average with weights of 0.45 and 0.55 (the weight of 0.55 is for the most recent period) = miles (round your response to the nearest whole number). The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.45 and 0.55 = miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.)

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter5: Business And Economic Forecasting

Section: Chapter Questions

Problem 2.1CE

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