Score: 3.5 ot 7 pts 2 of 3 (3 complete)Y Problem 4.9 Brief Month Price Per Chip

Question

Score: 3.5 ot 7 pts 2 of 3 (3 complete)Y Problem 4.9 Brief Month Price Per Chip 1.85 $1.66 $1.65 $1 82 February This exercise contains only parts ar b, and c a) Using a 2-month moving average, calculate the forecast for March and April (fround your responses to two decimal places) Month Forecast $ 1755 $ 1655 Mar Apr b) Using a 3-month moving average, calculate the forecast for April The forecast for April is $ 1.72 (round your response to two decimal places) c) Calculate the mean absolute deviation based on a 2-month average The mean absolute deviation based on 2-month moving average of March through Apri is s 135 (round your response to three deoimal places Calculate the mean absolute deviation based on a 3 month average The mean absolute deviation based on a 3-month moving average of Apilil is s(round your response to three decimal places) Enter your answer in the answer box and then click Check Answer Clear Al 6 3 4. aps lock A S DF GH

Explanation / Answer

F(April) = (1.85+1.66+1.65)/3

= 1.72

Mean Absolute Deviation = Absolute Deviation/No of observations

= 0.1/1

= 0.1 (Ans)

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