(Solved):
d) Calculate the mean absolute deviation based on a 3-month
moving average.
The mean absolute devia ...
d) Calculate the mean absolute deviation based on a 3-month
moving average.
The mean absolute deviation based on a 3-month moving average of
April is $_____.
Based on the mean absolute deviation, the _______ has performed
better.
This exercise contains only parts \( a, b \), and \( c \). a) Using a 2-month moving average, calculate the forecast for March and April (round your responses to two decimal places). b) Using a 3-month moving average, calculate the forecast for April. The forecast for April is \( \$ \) (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 April is \$ (round your response to three decimal places)
Part d: Mean Absolute Deviation (MAD) for 2-Month Moving Average formula MaD = (actual - forecast )/n MAD = |1.79-1.77| +|1.83-1.71|/2 0.995 Hence Mean Absolute Deviation (MAD) for