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(Solved): Grey's Audiovisual rents audio and visual equipment to musicians for local concerts. The company i ...



Greys Audiovisual rents audio and visual equipment to musicians for local concerts. The company is interested in forecasting

Grey's Audiovisual rents audio and visual equipment to musicians for local concerts. The company is interested in forecasting the rentals for the -console so that it can make sure the -console is on hand when needed. The -console data for the last 10 months are shown here. a. Prepare a forecast for months 6 through 10 by using three- and five-month moving averages. What is the forecast for month 11 ? b. Calculate the mean absolute deviation (for periods 6-10) for each forecasting method. c. What are your recommendations for Gray's?


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a. Prepare a forecast for months 6 through 10 by using three-and five-month moving averages. What is the forecast for month 11?Blow is the table in wh
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