Use the linear trend method to forecast jobs

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Reference no: EM131719706

I. The number of plumbing repair jobs performed by Augur’s Plumbing Service in each of the last five months is listed below.

Month Jobs

March 82

April 84

May 88

June 93

July 96

Show all calculations in answering the following questions.

a. Use the linear trend method to forecast jobs in August.

b. Use a weighted three-month moving average, with weights of .6, .3 and .1, to forecast August jobs.

c. Using the Mean Absolute Deviation for forecasts for May through July, explain which of these methods is likely to produce the most accurate forecast for August.

Reference no: EM131719706

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