Question

Consider the following time series. Given: Period:1,2,3,4,5,6,7,8 Demand: 7,9,8, 10,13,14,12,15 a) Using a trend projection, forecast...

Consider the following time series.

Given: Period:1,2,3,4,5,6,7,8 Demand: 7,9,8, 10,13,14,12,15

a) Using a trend projection, forecast the demand for Period 9.

b) Calculate the MAD for this forecast.

Math   Statistics-And-Probability   
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Homework Answers

Answer #1

a) The demand for period 9 is 15.93

b) MAD is the mean absolute deviation which is given by the formula

n = 8

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