BUS 278 WEEK 4 MID TERM Question 9
TCO 2Use the table Television Sales Time Series to answer the questions below.
Television Sales Time Series
(in thousands)
Day Sales Day Sales
1 24.0 9 26.0
2 25.0 10 27.0
3 26.0 11 27.0
4 27.0 12 26.5
5 28.5 13 28.0
6 28.0 14 27.0
7 27.0 15 29.0
8 27.5
Part (a): What is the project sales for Day 16 using a 3-day moving average?
Part (b): What is the project sales for Day 16 using a 6-day moving average?
Part (c): Use the mean absolute deviation (MAD) and mean square error (MSE) to determine which average provides the better forecast.