a) Using a 2-year moving average, the forecast for year 6 = miles (round your response to the nearest whole number). miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.) b) If a 2-year moving average is used to make the forecast, the MAD based on this = c) The forecast for year 6 using a weighted 2-year moving average with weights of 0.45 and 0.55 (the weight of 0.55 is for the most recent period) = miles (round your response to the nearest whole number). The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.45 and 0.55 = miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.)

a) Using a 2-year moving average, the forecast for year 6 = miles (round your response to the nearest whole number). miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.) b) If a 2-year moving average is used to make the forecast, the MAD based on this = c) The forecast for year 6 using a weighted 2-year moving average with weights of 0.45 and 0.55 (the weight of 0.55 is for the most recent period) = miles (round your response to the nearest whole number). The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.45 and 0.55 = miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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