Sales of Volkswagen\'s popular Beetle have grown steadily at auto dealerships in
ID: 3262201 • Letter: S
Question
Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below).
a) Forecasted sales for year 6 using a 3-year moving average is
nothing
sales (round your response to one decimal place).
b) The MAD for a 3-year moving average based forecast is
nothing
sales
(round
your response to one decimal place).
c) The MSE for a 3-year moving average based forecast is
nothing
sales
(round
your response to the nearest whole number).
year & Sales
1, 455
2,502
3, 516
4,563
5, 584
Explanation / Answer
from above given data:
a) Forecasted sales for year 6 =(516+563+584)/3 =554.3
b)MAD =129/2=64.5
c)MSE=8433/2=4216.5
please revert for any clarification required
Year actual(A) Forecast(F) |A-F| (A-F)^2 1 455 2 502 3 516 4 563 491.00 72 5184 5 584 527.00 57 3249 6 554.33 Total 129 8433Related Questions
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