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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