Forecasting Essay Examples

forecasting method would you recommend? 3-week moving average Week Actual Rentals Predicted Value Difference 1 1202     2 1503     3 1444     4 1254 1383 129 5 1609 1400 209 6 1499 1435 64 7 1689 1454 235 8 1555 1599 44     Sum of Difference 681     Average Difference 136.2 4-week moving average Week Actual Rentals Predicted Value Difference 1 1202     2 1503     3 1444     4 1254     5 1609 1350.75 258 6 1499 1452.5 47 7 1689 1451.5 238 8 1555 1512.75 42     Sum of Difference 585     Average Difference 146 Since the 3 week moving average has a smaller MAD, then it is better for forecasting this data. Question 9 page 436 A ski repair shop at a resort...