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Lenovo ue the ZX-81 chip in some of its laptop computers. The prices for the...

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Lenovo ue the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 4 months were as follows: Month Price Per Chip January February $1.80 $1.67 March $1.70 April $1.85 This exercise contains only parts a, b, and c a) Using a 2-month moving average, calculate the forecast for March and April (round your responses to two decimal places) Month Mar Apr Forecast $1.72 1.75 b) Using a 3-month moving average, calculate the forecast for April The forecast for April is $1.72 (round your response to two decimal places) c) Calculate the mean absolute deviation based on a 2-month average The mean absolute deviation based on 2-month moving average of March through April is $ (round your response to three decimal places)

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