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Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 4 months were as follows: Month January February Price Per Chip $1.85 $1.66 $1.67 $1.82 March April 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). Mar Month Forecast $ 1.76 Apr $ 1.67 b) Using a 3-month moving average, calculate the forecast for April. The forecast for April is $ 1.72 (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 $ response to three decimal places). (round your

Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 4 months were as follows: Month January February Price Per Chip $1.85 $1.66 $1.67 $1.82 March April 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). Mar Month Forecast $ 1.76 Apr $ 1.67 b) Using a 3-month moving average, calculate the forecast for April. The forecast for April is $ 1.72 (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 $ response to three decimal places). (round your

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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need help with practice 19c. pls show solution. thanks

Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 4 months were as follows: Month January February Price Per Chip $1.85 $1.66 $1.67 $1.82 March April 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). Mar Month Forecast $ 1.76 Apr $ 1.67 b) Using a 3-month moving average, calculate the forecast for April. The forecast for April is $ 1.72 (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 $ response to three decimal places). (round your
Transcribed Image Text:Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 4 months were as follows: Month January February Price Per Chip $1.85 $1.66 $1.67 $1.82 March April 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). Mar Month Forecast $ 1.76 Apr $ 1.67 b) Using a 3-month moving average, calculate the forecast for April. The forecast for April is $ 1.72 (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 $ response to three decimal places). (round your
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