Question:
Forecasting for 5 Thermostat Demands
(a) Develop a five-period moving average forecast to predict sales for periods 6 through 66 and calculate the MAD.
(b) Develop a ten-period moving average forecast to predict sales for periods 11 through 66 and calculate the MAD. Which forecast is more accurate for period 66? Are the forecasting methods used appropriate for the data? Why or why not? Which forecast is smoother? When a trend or pattern is emerging, would you use a small or large n? Why?
Attachment:- Thermostat Demands Data.rar