Hospitality hotels forecast monthly labor needs.
A)given the following monthly labor figures, make a forecast for june using a three-period moving average and a five-period moving average.
Month Actual
january 32
february 41
march 38
april39
may 43
B) what would be the forecast for june using the native method?
C) if the actual labor firgure for june turns out to be 41, what would be the forecast for july using each of these models?
d) compare the accuracy of these models using the mean abosolute error (MSE)