The following data are monthly sales of jeans at a local department store. The buyer would like
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The following data are monthly sales of jeans at a local department store. The buyer would like to forecast sales of jeans for the next month, July.
a) Forecast sales of jeans for March through June using the naïve method, a two-period moving average, and exponential smoothing with an α = 0.1.
b) Compare the forecasts using MAD and decide which is best.
c) Using your method of choice, make a forecast for the month of July.
Transcribed Image Text:
Month January February March April May June Sales 37 35 42 38 48 45
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a b The 2period moving average and the Nave approach provide the best histori...View the full answer
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Related Book For
Operations Management An Integrated Approach
ISBN: 9781119497387
7th Edition
Authors: R. Dan Reid, Nada R. Sanders
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