Weekly Sales of Copy Paper at Cubicle Suppliers Are Provided

question 8

Essay

Weekly sales of copy paper at Cubicle Suppliers are provided in the table below.Compute a three-period moving average and a four-period moving average for weeks 5,6,and 7.Compute the MAD for both forecasting methods.Which model is more accurate? Forecast week 8 with the more accurate method.
Week Sales (cases)
1 17
2 21
3 27
4 31
5 19
6 17
7 21

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Definitions:

Tax Receipts

The income received by the government from taxes.

Federal Transfer Payments

Government payments transferred to individuals or states, often for assistance, without requiring direct services in return.

Tax Receipts

The revenue collected by the government through various forms of taxes.

Borrowing

The act of obtaining resources (usually money) from another party with the promise of repayment under defined terms, often involving interest.