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Part 1 of 3- Part 1
20.0 Points
Develop a four-month moving average forecast for Wallace Garden Supply and compute the MAD. A three-month moving average forecast was developed in the table attached
1. The four-month moving average forecast for Wallace Garden Supply is ___________.( Please round it to an integer and include no units.)
2. The Mean Absolute Deviation( MAD) for the above forecast is ___.( Please round it to two decimal points.)
Part 2 of 3- Part 2
45.0 Points
Data collected on the yearly demand for 50-pound bags of fertilizer at Wallace Garden Supply are shown in the table attached. Develop a 3-year moving average to forecast sales. Then estimate demand again with a weighted moving average in which sales in the most recent year are given a weight of 2 and sales in the other 2 years are each given a weight of 1.
3. The three-year moving average forecast for Wallace Garden Supply is