West Indies Batting Inc is again on the rise due to the increasing sale of cricket bats throughout the region. BATS R’ US, a cricket bat-making company located in Charlestown, Nevis has been at the forefront of this increasing sales for cricket bats. The monthly demand in sales at BATS R’ US is provided in the table below. 1. Compute a three-period moving average and a four-period moving average for weeks 5, 6, and 7. 2. Compute the MAD for both forecasting methods. 3. Which model is more accurate? 4. Forecast week 8 with the more accurate method. Month Sale of bats 1 119 2 147 3 189 4 217 5 133 6 119 7 147
West Indies Batting Inc is again on the rise due to the increasing sale of cricket bats throughout the region. BATS R’ US, a cricket bat-making company located in Charlestown, Nevis has been at the forefront of this increasing sales for cricket bats. The monthly demand in sales at BATS R’ US is provided in the table below.
1. Compute a three-period moving average and a four-period moving average for weeks 5, 6, and 7.
2. Compute the MAD for both
3. Which model is more accurate?
4. Forecast week 8 with the more accurate method.
|
Month |
Sale of bats |
|
1 |
119 |
|
2 |
147 |
|
3 |
189 |
|
4 |
217 |
|
5 |
133 |
|
6 |
119 |
|
7 |
147 |
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