The Last Seven Weeks of Demand at a New Car

question 8

Essay

The last seven weeks of demand at a new car dealer are shown below.Use a three-period weighted-moving average to determine a forecast for the 8th week using weights of 1,2,and 3.Calculate the MAD for this forecast.What does the MAD indicate?
Week Sales
1 25
2 30
3 27
4 31
5 27
6 29
7 30

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Definitions:

Falsehoods

False statements or lies meant to deceive.

Put-Downs

Negative comments or criticisms aimed at belittling or demeaning someone.

Defensive

A psychological or behavioral state characterized by a heightened sensitivity to criticism and a tendency to justify one's actions or beliefs in the face of perceived threat.

Disjunctive

Relating to or involving a choice between mutually exclusive possibilities or a situation that requires a selection to be made from among such possibilities.