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 Price Per Chip January ​$1.80 February ​$1.67 March ​$1.70 April ​$1.85 ​a) Using a​ 2-month moving​ average, calculate the forecast for March and April ​(round your responses to two decimal ​places). Month Mar Apr Forecast ​$enter your response here ​$enter your response here

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.6: Moving Averages Models
Problem 22P: The file P13_22.xlsx contains total monthly U.S. retail sales data. While holding out the final six...
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1. 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

Price Per Chip

January

​$1.80

February

​$1.67

March

​$1.70

April

​$1.85

 

​a) Using a​ 2-month moving​ average, calculate the forecast for March and April ​(round your responses to two decimal

​places).

Month

Mar

Apr

Forecast

​$enter your response here

​$enter your response here

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