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Given the following data on number of pints of ice sold at a local ice cream store for 6-period time frame:

Period             Demand

    1                  200

    2                  245

    3                  190

    4                  270

    5                  280

    6                  300

a) Evaluate a 3-period moving average for period 7

b) Evaluate the MAD of forecast

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M923135

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