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Bradys Bentleys is a worldwide dealer of luxury vehicles. Brady hires you as an intern to help him make better decisions on how many Bentleys
Bradys Bentleys is a worldwide dealer of luxury vehicles. Brady hires you as an intern to help him make better decisions on how many Bentleys he might sell next month. He provides you with the data on the prior six months of unit sales.
Month | Unit Sales |
1 | 100 |
2 | 200 |
3 | 300 |
4 | 400 |
5 | 500 |
6 | 600 |
7 | ??? |
7. Using the mean absolute deviation method to evaluate forecasting techniques, would you choose the 2-month WMA with a weight of .70 on the most recent data prediction or the 2-month WMA with a weight of .30 on the most recent month prediction? Why?
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