The last seven weeks of demand at a new car dealer are shown below. Use a three-period weighted-moving average to determine a forecast for the 8ᵗʰ week using weights of 1, 2, and 3. Calculate the MAD for this forecast. What does the MAD indicate?
$\begin{array}{ll}
\text { Week}& \text {Sales }\
\hline
1 & 25 \
2 & 30 \
3 & 27 \
4 & 31 \
5 & 27 \
6 & 29 \
7 & 30
\end{array}$

Question

The last seven weeks of demand at a new car dealer are shown below. Use a three-period weighted-moving average to determine a forecast for the 8ᵗʰ week using weights of 1, 2, and 3. Calculate the MAD for this forecast. What does the MAD indicate?
 $\begin{array}{ll}
\text { Week}& \text {Sales }\
\hline
1 & 25 \
2 & 30 \
3 & 27 \
4 & 31 \
5 & 27 \
6 & 29 \
7 & 30
\end{array}$

Quizplus · Accepted Answer

The Answer of The last seven weeks of demand at a new car dealer are shown below. Use a three-period weighted-moving average to determine a forecast for the 8ᵗʰ week using weights of 1, 2, and 3. Calculate the MAD for this forecast. What does the MAD indicate?
 $\begin{array}{ll}
\text { Week}& \text {Sales }\
\hline
1 & 25 \
2 & 30 \
3 & 27 \
4 & 31 \
5 & 27 \
6 & 29 \
7 & 30
\end{array}$

The Last Seven Weeks of Demand at a New Car WeekSales 125230327431527629730\begin{array}{ll}\text { Week}& \text {Sales }\\\hline1 & 25 \\2 & 30 \\3 & 27 \\4 & 31 \\5 & 27 \\6 & 29 \\7 & 30\end{array} Week1234567​Sales 25302731272930​​

The Last Seven Weeks of Demand at a New Car $\begin{array}{ll}\text { Week}& \text {Sales }\\\hline1 & 25 \\2 & 30 \\3 & 27 \\4 & 31 \\5 & 27 \\6 & 29 \\7 & 30\end{array}$