Homework Answers
a) Using the 2 year moving average method,
F(6) = {Actual(4) + Actual(5)}/2
= (3850+3800)/2
= 3825
b) F(3) = (3000+4000)/2
= 3500
F(4) = (4000+3450)/2
= 3725
F(5) = (3450+3850)/2
= 3650
MAD(Mean Absolute Deviation) = Sum of absolute deviation/Number of periods
= {|3450-3500| + |3850-3725| + |3800-3625|}/3
= (50+125+175)/3
= 116.67
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