Essay
Valentine's Day is the best day of the year for selling roses at River Road Florist. Dozens of roses sold on Valentine's Day over six years are as follows:
a.What is the forecast for Valentine's Day in 2011 using a three-period moving average?
b.What is the forecast for Valentine's Day in 2011 using a five-period moving average?
c.What is the mean absolute deviation (MAD) for years 2008-2010 using a three-period moving average?
d.What is the tracking signal for years 2008-2010 using a three-period moving average?
Correct Answer:

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