Shady Oaks Retirement home forecasts monthly labor needs. Month Actual Values May 37 June 46 July 43 August 44 September 48 a. Given the following monthly labor figures, make a forecast for October using a two-period moving average and a four-period moving average. b. What would be the forecast for October using the naïve method? c. If the actual labor figure for October turns out to be 49, what would be the forecast for November using each of these models? d. Compare the accuracy of these models using the mean absolute deviation (MAD). e. Compare the accuracy of these models using the mean squared error (MSE).
