The table below presents the actual monthly sales for a company over the first six months of 1986. Using a 3-month moving average, the mean absolute error for this forecast is Months Actual Sales January 1986 270 February 1986 263 March 1986 275 April 1986 262 May 1986 250 June 1986 278

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The table below presents the actual monthly sales for a company over the first six
months of 1986. Using a 3-month moving average, the mean absolute error for this
forecast is
Months
Actual Sales
January 1986
270
February 1986
263
March 1986
275
April 1986
262
May 1986
250
June 1986
278
13.22
2.78
-2.78
192.33
15.65
Transcribed Image Text:The table below presents the actual monthly sales for a company over the first six months of 1986. Using a 3-month moving average, the mean absolute error for this forecast is Months Actual Sales January 1986 270 February 1986 263 March 1986 275 April 1986 262 May 1986 250 June 1986 278 13.22 2.78 -2.78 192.33 15.65
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