Calculate the mean absolute deviation mad based on a 2-day, Operation Management

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Calculate the mean absolute deviation mad based on a 2-day

Daily high temperatures in degrees Fahrenheit in the city of Lubbuck for the last week have been as follows: 93, 94, 93, 95, 96, 88, 90. Using Excel's Data Analysis add-in,

a. Forecast the high temperature today, using a 3-day moving average.

b. Forecast the high temperature today, using a 2-day moving average.

c. Calculate the mean absolute deviation (MAD) based on a 2-day and a 3-day moving average. Compare the two MAD results. Which forecasting method provides a lower MAD?

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Operation Management: Calculate the mean absolute deviation mad based on a 2-day

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