Example: Weighted Moving Average The following table shows annual total sales of Toyota Company from 2012 to 2018. a) Ex
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Example: Weighted Moving Average The following table shows annual total sales of Toyota Company from 2012 to 2018. a) Ex
Company from 2012 to 2018. a) Extrapolate the sales in 2019 using three years moving average with the weight following weight 0.5. 0.6, 0.7. b) If the weight is modified to 0.9, 1.0, and 1.1, calculate the Mean Absolute Deviation before and after. Which of the forecast will you adopt? (classwork) 2012 2012 2014 2015 2014 2017 2013 YEAR 59 0 sd 59 60 BALES
Example: Weighted Moving Average The following table shows annual total sales of Toyota