The following data show the average Home Price Index over a six-quarter period. Complete parts a through e below Q1 2016 Q2 2016 Q3 2016 Q4 2016 01 2017 Q2 2017- 190.7 194.7 194.7 198.4 185.5 200.4 Quarter Index a. Forecast the price index for Q3 2017 using a two-period simple moving average. The forecasted price index is 199.4 (Round to two decimal places as needed.) b. Calculate the MAD for the forecast in part a MAD= (Round to two decimal places as needed)

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The following data show the average Home Price Index over a six-quarter period. Complete parts a through e below
Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017
198.4 200.4
185.5
190.7 194.7
194.7
Quarter
Index
a. Forecast the price index for Q3 2017 using a two-period simple moving average..
The forecasted price index is 199.4 (Round to two decimal places as needed.)
b. Calculate the MAD for the forecast in part a
MAD= (Round to two decimal places as needed)
Transcribed Image Text:The following data show the average Home Price Index over a six-quarter period. Complete parts a through e below Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 198.4 200.4 185.5 190.7 194.7 194.7 Quarter Index a. Forecast the price index for Q3 2017 using a two-period simple moving average.. The forecasted price index is 199.4 (Round to two decimal places as needed.) b. Calculate the MAD for the forecast in part a MAD= (Round to two decimal places as needed)
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