excel 4. Forecasting. Nave method versus three period Moving Average The number of major plumbing...
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4. Forecasting. Nave method versus three period Moving Average The number of major plumbing repair jobs performed by Augurs Plumbing Service in each of the last six months is listed below. Month Jobs October 92 November 94 December 98 January 95 February 99 March 104 a. Use the textbook nave method to forecast April jobs (Ft+1 = Xt + (Xt Xt-1). b. Use the three- period moving average to forecast jobs in April c. Based upon the MAD (mean absolute deviation), determine whether the three-period moving average or textbook nave method is more accurate, based upon forecasts for January through March.
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