Computing three period moving average and mad
Given the following data on number of pints of ice sold at a local ice cream store for 6-period time frame:
Period Demand
1 200
2 245
3 190
4 270
5 280
6 300
a) Evaluate a 3-period moving average for period 7
b) Evaluate the MAD of forecast
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Draw Paul's indifference curves for U = 5, U = 10, and U = 20.
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