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Equate 2-month moving average and Exponential smoothing using MAD.

The subsequent data represents demand for company ABC's products for the last 10 months.

Months

Demand

1
2
3
4
5
6
7
8
9
10

450
463
520
500
510
516
534
525
530
534

(a) What is the forecast for month 11?

(b) Which provides a better forecast-the two-month moving average or exponential smoothing? describe using the mean absolute deviation.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M922417

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