ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Step 1: Introduce the concept of moving average.
VIEW Step 2: a) Determine the forecast for year 6 using a 2-year moving average.
VIEW Step 3: b) Determine the Mean Absolute Division (MAD) based on a 2-year moving average.
VIEW Step 4: c) Determine the forecast for year 6 & (MAD) using a weighted 2-year moving average.
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