second answer for part C Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows:MonthJanuaryFebruaryMarchAprilMayJunePrice Per Chip$1.90$1.61$1.60$1.85$1.91$1.95MonthJulyAugustMonthForecastSeptemberOctoberNovemberDecemberMonthMar Apr May Jun JulForecast $1.76 1.61 1.73 1.88 1.93Apr May Jun Jul$1.70 1.69 1.79 1.90This exercise contains only parts a, b, and c.a) Using a 2-month moving average, the forecast for periods 11 and 12 is (round your responses to two decimal places):Price Per Chip$2.00$1.70$1.70$1.55$1.50$1.75b) Using a 3-month moving average, the forecast for periods 11 and 12 is (round your responses to two decimal places):Aug Sep Oct Nov Dec1.88 1.80 1.65 1.581.95Aug Sep Oct Nov Dec1.98 1.85 1.70 1.63 1.53c) The mean absolute deviation based on a 2-month moving average of March through December is $ 0.168 (round your response to three decimal places).The mean absolute deviation based on a 3-month moving average of April through December is $(round your response to three decimal places).

Find the Given details below: Given details: Month Price Per Chip ($) January 1.90 February…

Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: Month January February March April May June Month Forecast Price Per Chip $1.90 $1.61 $1.60 $1.85 $1.91 $1.95 Month July August Month Forecast September October November December This exercise contains only parts a, b, and c. a) Using a 2-month moving average, the forecast for periods 11 and 12 is (round your responses to two decimal places): Mar Apr May Jun Jul Aug Sep Oct Nov Dec $1.76 1.61 1.73 1.88 1.93 1.98 1.85 1.70 1.63 1.53 Price Per Chip $2.00 $1.70 $1.70 $1.55 $1.50 $1.75 b) Using a 3-month moving average, the forecast for periods 11 and 12 is (round your responses to two decimal places): Apr May Jun Jul $1.70 1.69 1.79 1.90 Aug Sep Oct Nov Dec 1.95 1.88 1.80 1.65 1.58 c) The mean absolute deviation based on a 2-month moving average of March through December is $ 0.168 (round your response to three decimal places). The mean absolute deviation based on a 3-month moving average of April through December is $ (round your response to three decimal places).

Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: Month January February March April May June Month Forecast Price Per Chip $1.90 $1.61 $1.60 $1.85 $1.91 $1.95 Month July August Month Forecast September October November December This exercise contains only parts a, b, and c. a) Using a 2-month moving average, the forecast for periods 11 and 12 is (round your responses to two decimal places): Mar Apr May Jun Jul Aug Sep Oct Nov Dec $1.76 1.61 1.73 1.88 1.93 1.98 1.85 1.70 1.63 1.53 Price Per Chip $2.00 $1.70 $1.70 $1.55 $1.50 $1.75 b) Using a 3-month moving average, the forecast for periods 11 and 12 is (round your responses to two decimal places): Apr May Jun Jul $1.70 1.69 1.79 1.90 Aug Sep Oct Nov Dec 1.95 1.88 1.80 1.65 1.58 c) The mean absolute deviation based on a 2-month moving average of March through December is $ 0.168 (round your response to three decimal places). The mean absolute deviation based on a 3-month moving average of April through December is $ (round your response to three decimal places).

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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