Calculating three-period moving average

Reference no: EM1323115

Q1) Robert wishes to know if there is relation between money spent on gambling and winnings

Money spent	Money won
16	330
12	270
18	380
14	300

1) Determine equation of regression line relating money spent (x) and money won (y).

If he spent $15, how much can he expect to win?

Q2) Provided following data on number of pints of ice sold at local ice cream store for 6-period time frame:

Period Demand

1 200

2 245

3 190

4 270

5 280

6 300

a) Calculate a 3-period moving average for period 7

b) Compute the MAD of the forecast

Reference no: EM1323115

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