Sales data are displayed in the table. a. Calculate the nave estimator, which is Sales t =
Question:
Sales data are displayed in the table.
a. Calculate the naïve estimator, which is Salest = Salest − 1.
b. Calculate the two-period and three-period moving averages.
c. Calculate the mean absolute deviation for each of the forecasting methods.
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a The nave estimator is a simple forecasting method that predicts the next periods sales will be equal to the current periods salesIn other wordsSales...View the full answer
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