Use the sales data below to generate forecasts for months 724 using a sixperiod and a threeperiod
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Use the sales data below to generate forecasts for months 7–24 using a six‐period and a three‐period moving average. Use MAD to compare the forecasts. Which forecast is more stable? Which is more responsive and why?
Month Sales Month Sales Month Sales 1 120 9 145 17 158 2 122 10 150 18 149 3 135 11 144 19 170 4 138 12 154 20 165 5 129 13 160 21 171 6 136 14 155 22 158 7 139 15 162 23 173 8 143 16 160 24 170
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Operations Management An Integrated Approach
ISBN: 9781119905523
8th Edition
Authors: R. Dan Reid; Nada R. Sanders
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