A computer store owner rents printers to some of his customers. He is interested in arriving at a forecast of rentals so that he can order the correct quantities of supplies that go with the printer. The data for the last 10 weeks are shown here.
$$\begin{array} { | c | c | c | c | }
\hline \text { Week } & \text { Rentals } & \text { Week } & \text { Rentals } \
\hline 1 & 23 & 6 & 28 \
\hline 2 & 24 & 7 & 32 \
\hline 3 & 32 & 8 & 35 \
\hline 4 & 26 & 9 & 26 \
\hline 5 & 31 & 10 & 24 \
\hline
\end{array}$$
A) Prepare a forecast for weeks 6 to 10 using a 5-week moving average. What is the forecast for week 11?
B) Calculate the mean absolute deviation as of the end of week 10.

Question

A computer store owner rents printers to some of his customers. He is interested in arriving at a forecast of rentals so that he can order the correct quantities of supplies that go with the printer. The data for the last 10 weeks are shown here.
 $$\begin{array} { | c | c | c | c | } 
\hline \text { Week } & \text { Rentals } & \text { Week } & \text { Rentals } \
\hline 1 & 23 & 6 & 28 \
\hline 2 & 24 & 7 & 32 \
\hline 3 & 32 & 8 & 35 \
\hline 4 & 26 & 9 & 26 \
\hline 5 & 31 & 10 & 24 \
\hline
\end{array}$$ 
A) Prepare a forecast for weeks 6 to 10 using a 5-week moving average. What is the forecast for week 11?
B) Calculate the mean absolute deviation as of the end of week 10.

Quizplus · Accepted Answer

The Answer of A computer store owner rents printers to some of his customers. He is interested in arriving at a forecast of rentals so that he can order the correct quantities of supplies that go with the printer. The data for the last 10 weeks are shown here.
 $$\begin{array} { | c | c | c | c | } 
\hline \text { Week } & \text { Rentals } & \text { Week } & \text { Rentals } \
\hline 1 & 23 & 6 & 28 \
\hline 2 & 24 & 7 & 32 \
\hline 3 & 32 & 8 & 35 \
\hline 4 & 26 & 9 & 26 \
\hline 5 & 31 & 10 & 24 \
\hline
\end{array}$$ 
A) Prepare a forecast for weeks 6 to 10 using a 5-week moving average. What is the forecast for week 11?
B) Calculate the mean absolute deviation as of the end of week 10.

A Computer Store Owner Rents Printers to Some of His