Discuss the below:
Q: Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 4 months were as follows: This exercise contains only parts a, b, and c.
Month Price per ship
January $1.80
February $1.63
March $1.63
April $1.93
a. Using a 2-month moving average, calculate the forecast for March and April (round your responses to two decimal places).
b. Using a 3-month moving average, calculate the forecast for April. The forecast for April is $ (round your response to two decimal places).
c. Calculate the mean absolute deviation based on a 2-month average. The mean absolute deviation based on 2-month moving average of March through April is $ (round your response to three decimal places). Calculate the mean absolute deviation based on a 3-month average. The mean absolute deviation based on a 3-month moving average of April is $ (round your response to three decimal places). Based on the mean absolute deviation, the has performed better. Enter your answer in each of the answer boxes.