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Forecast average cash bonus for financial investment

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Reference no: EM131115798

Cash bonuses paid to financial investment employees were reduced during the 2007 economic recession and have shown signs of rebounding with the recent recovery. The following data show the average cash bonus, in thousands of dollars, for New York City investment employees over an eight-year period.

Year

Average Cash Bonus ($000)

2005

149.8

2006

191.4

2007

177.8

2008

100.9

2009

140.6

1010

139.0

2011

111.3

2012

121.9

Part A: Using a three-period simple moving average, forecast the average cash bonus for a financial investment employee in New York City in 2013.

Part B: Calculate the MAD for the forecast in part A.

Part C: Using a two-period weighted moving average with the weights 3 and 2, forecast the average cash bonus for a financial investment employee in New York City in 2013.

Part D: Calculate the MAD for the forecast in part C.

Reference no: EM131115798

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