Daily high temperatures in degrees fahrenheit in the city, Ask an Expert

Management Studies

Daily high temperatures in degrees Fahrenheit in the city of Lubbuck for the last week have been as follows: 93, 94, 93, 95, 96, 88, 90. Using Excel's Data Analysis add-in,

a. Forecast the high temperature today, using a 3-day moving average.

b. Forecast the high temperature today, using a 2-day moving average.

c. Calculate the mean absolute deviation (MAD) based on a 2-day and a 3-day moving average. Compare the two MAD results. Which forecasting method provides a lower MAD?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92502132

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