(Weights are t=0.3, t-1=0.2, t-2=0.3 and t-3=0.2)
What is the MAD for the four-period weighted moving average forecast as of period 15?
A local restaurant has recorded the demand for bottled water in each of the last 15 months of business. Use the recorded demand data below to develop three-period and four-period moving-average forecasts for bottles of water Round off all calculations to two decimal places. Maintaining two decimal places is required for all calculations. Period Demand PeriodDemand Period Demand 890 870 860 900 925 6 8 13 895 91 905 905 850 (Weights are t-0.3, t-1-0.2, t-2-0.3 and t-3-0.2) What is the MAD for the fourperiod weighted moving average forecast as of period 15?