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Compute the sales forecast for July using the approaches given below. Do not round intermediate calculations. Round your answers to the nearest whole number. a
Compute the sales forecast for July using the approaches given below. Do not round intermediate calculations. Round your answers to the nearest whole number.
a threemonth moving average
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a weighted threemonth moving average using for June, for May, and for April
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a linear trend equation
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exponential smoothing with alpha smoothing constant equal to assuming a February forecast of
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Calculate the MAD for each of the four techniques in part b Use only the last months to compare the same number of months for all methods. Do not round intermediate calculations. Round your answers to the nearest whole number.
MAD threemonth moving average:
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MAD weighted threemonth moving average:
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MAD linear trend equation:
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MAD exponential smoothing:
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Which is the best? Why?
Select
is better because it provides the
Select
MAD.
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