02 Jun Question Collect data on sales from any retail
Question
Collect data on sales from any retail store of choosing for the last 10 months or 10 years. Predict the sale for the 11th month or 11th yr using a 3-month moving average and a 4-month moving average.
Calculate the MAD for the 3-month or 3yr and 4month/yr moving average. Which of them yields the best forecast? Use spreadsheet to show your calculation
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