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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?

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

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

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