Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below)
Year
Sales
1
455
2
495
516
4
563
584
a) Forecasted sales for year 6 using a 3-year moving average is sales (round your response to one decimal place).
b) The MAD for a 3-year moving average based forecast is
sales (round your response to one decimal place).
c) The MSE for a 3-year moving average based forecast is
sales (round your response to the nearest whole number).
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Transcribed Image Text:Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below) Year Sales 1 455 2 495 516 4 563 584 a) Forecasted sales for year 6 using a 3-year moving average is sales (round your response to one decimal place). b) The MAD for a 3-year moving average based forecast is sales (round your response to one decimal place). c) The MSE for a 3-year moving average based forecast is sales (round your response to the nearest whole number).
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