3 Steps to Forecast d2-Console Rentals Using Moving Averages

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Instructions

Assignment
1 of 2:

Grey's
Audiovisual rents audio and visual equipment to musicians for local concerts.
The company is interested in forecasting the rentals for the d2-console so
that it can make sure the d2-console is on hand when needed. The d2-console
data for the last 10 months are shown here.

 SHAPE  * MERGEFORMAT

1.Prepare
a forecast for months 6 through 10 by using three- and five-month moving
averages. What is the forecast for the month of November?

2.Calculate
the mean absolute percentage deviation (for periods 6–10) for each
forecasting method.

3.
What are your recommendations for Gray's?