Sales for the past 12 months at Computer Success are given here.
January
February
March
April
May
June
3000
3400
3700
4100
4700
5700
July
August
September
October
November
December
6300
7200
6400
4600
4200
3900
a. Use a three-month moving average to forecast the sales for the months May through December.b. Use a four-month moving average to forecast the sales for the months May through December.c. Compare the performance of the two methods by using the mean absolute deviation as the performance criterion. Which method would you recommend?d. Compare the performance of the two methods by using the mean absolute percent error as the performance criterion. Which method would you recommend?e. Compare the performance of the two methods by using the mean squared error as the performance criterion. Which method would you recommend?
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