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The owner of an online video rental service has recorded the following rentals each week: Week 1 2 3 4 5 6 7 8 Rentals 1202 1503 1444 1254 1609 1499...

The owner of an online video rental service has recorded the following rentals each week:

Week 1 2 3 4 5 6 7 8

Rentals 1202 1503 1444 1254 1609 1499 1689 1555


A. Use a three-week moving average to forecast sales for each of the weeks 4 through 9.

B. Use a four-week moving average to forecast sales for each of the weeks 5 through 9.

C. Compare the forecasts created by these two methods using mean absolute deviation. Which forecasting method would you recommend?

Top Answer

for the three moving average the mean absolute deviation = 680/5 =136 for the... View the full answer

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The way to approach this... View the full answer

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