Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: Month January February March April May June Price Per Chip $1,80 $1.67 $1.70 $1.85 $1.90 $1.87 Month July August September October November December Price Per Chip $1.80 $1.83 $1.70 $1.65 This exercise contains only parts a, b, and c a) Using a 2-month moving average, the forecast for periods 11 and 12 is (round your responses to two decimal places) Month Mar Apr May Jun Jul Aug Sep Forecast $1.74 1.69 1.78 1.88 1.89 1.84 1.82 $1.70 $1.75 Oct Nov Dec 1.77 1.68 1.68 b) Using a 3-month moving average, the forecast for periods 11 and 12 is (round your responses to two decimal places): Month Apr May Jun Jul Forecast $1.72 1.74 1.82 1.87 Aug Sep Oct Nov Dec 1.86 1.83 1.78 1.73 1.68 c) The mean absolute deviation based on a 2-month moving average of March through December is $ (round your response to three decimal places).

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
icon
Related questions
Question
Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows:
Month
January
February
March
April
May
June
Price Per Chip
$1.80
$1.67
$1.70
$1.85
$1.90
$1.87
Month
July
August
September
October
November
December
Price Per Chip
$1.80
$1.83
$1.70
$1.65
This exercise contains only parts a, b, and c.
a) Using a 2-month moving average, the forecast for periods 11 and 12 is (round your responses to two decimal places):
$1.70
$1.75
Month Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Forecast $1.74 1.69 1.78 1.88 1.89 1.84 1.82 1.77 1.68
1.68
b) Using a 3-month moving average, the forecast for periods 11 and 12 is (round your responses to two decimal places):
Month Apr May Jun Jul Aug
Forecast $1.72 1.74 1,82 1.87
Sep Oct Nov
Dec
1.86 1.83 1.78 1.73 1.68
c) The mean absolute deviation based on a 2-month moving average of March through December is $ (round your response to three decimal places).
Transcribed Image Text:Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: Month January February March April May June Price Per Chip $1.80 $1.67 $1.70 $1.85 $1.90 $1.87 Month July August September October November December Price Per Chip $1.80 $1.83 $1.70 $1.65 This exercise contains only parts a, b, and c. a) Using a 2-month moving average, the forecast for periods 11 and 12 is (round your responses to two decimal places): $1.70 $1.75 Month Mar Apr May Jun Jul Aug Sep Oct Nov Dec Forecast $1.74 1.69 1.78 1.88 1.89 1.84 1.82 1.77 1.68 1.68 b) Using a 3-month moving average, the forecast for periods 11 and 12 is (round your responses to two decimal places): Month Apr May Jun Jul Aug Forecast $1.72 1.74 1,82 1.87 Sep Oct Nov Dec 1.86 1.83 1.78 1.73 1.68 c) The mean absolute deviation based on a 2-month moving average of March through December is $ (round your response to three decimal places).
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,