Monthly data for the sales of certain product at a local company during the las 9 periods are shown in below table. (Fill all the blanks. Allow 2 decimal values). a. Determine the forecasts for periods 5 through 9 using three-period moving averages, and the forecasts for periods 7 and 9 using six-month period moving averages. b.Calculate the forecast errors for three-period moving averages and forecast errors for six-period moving averages. c. Calculate the MAD for three-period moving averages and six-period moving averages. d. If a smoothing constant of 0.4 was analyzed for the data, and you were informed that forecast for period 1 was 1,450; based on these assumptions, calculate the forecast for period 2.
Monthly data for the sales of certain product at a local company during the las 9 periods are shown in below table. (Fill all the blanks. Allow 2 decimal values).
a. Determine the forecasts for periods 5 through 9 using three-period moving averages, and the forecasts for periods 7 and 9 using six-month period moving averages.
b.Calculate the
c. Calculate the MAD for three-period moving averages and six-period moving averages.
d. If a smoothing constant of 0.4 was analyzed for the data, and you were informed that forecast for period 1 was 1,450; based on these assumptions, calculate the forecast for period 2.
![Month
1
2
3
4
5
6
7
8
9
Sales
1500
1550
1600
1250
1300
1400
1395
1458
1350
MAF (3)
Error
MAF (6)
Error](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F71a93994-cfe8-4bd0-bacf-87e96face337%2Ff988e993-4559-4752-8a06-ce9f613adb56%2F3z5ilnt_processed.png&w=3840&q=75)
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