Project #73708 - One business problem

  1. Dell uses the CR5 chip in some of its laptop computers. The prices for the chip during the past 6 months were as follows:

 

Month

Price per Chip

1

1.80

2

1.67

3

1.70

4

1.85

5

1.90

6

1.87

 

 

  1. Use a 2-month moving average to forecast demand from month 3 to month 6.

  2. Use a 3-month moving average to forecast demand from month 4 to month 6.

  3. Which is better (Using the mean absolute deviation): the 2-month average or the 3-month average?

Subject Business
Due By (Pacific Time) 06/11/2015 01:51 pm
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