Business Finance - Accounting Week Two Assignment 1 Instructions

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Instructions

Assignment 1 of 2:

Grey's Audiovisual rents audio and visual equipment to musicians for local concerts. The company is interested in forecasting the rentals for the d2-console so that it can make sure the d2-console is on hand when needed. The d2-console data for the last 10 months are shown here.

1.Prepare a forecast for months 6 through 10 by using three- and five-month moving averages. What is the forecast for the month of November?

2.Calculate the mean absolute percentage deviation (for periods 6–10) for each forecasting method.

3. What are your recommendations for Gray's?