Refer to the gasoline sales time series data in Table 171 of

Refer to the gasoline sales time series data in Table 17.1 of the Text Book (12^th Edition). (Use Excel for this problem. Copy paste Excel Tables into your report for answering questions). Compute two- week, three-week, and four- week moving average forecasts for the time series data. Compute Measures of Forecast Accuracy like MAE, MSE, and MAPE. Which method of forecasting of the three (two, three, or four- week moving average models) would you prefer to use for future forecasting purposes? Justify your answer.

Solution

 Refer to the gasoline sales time series data in Table 17.1 of the Text Book (12^th Edition). (Use Excel for this problem. Copy paste Excel Tables into your rep

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