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Forecast sales of textbooks for the applicable periods using a two period weighted moving average where the weights are most recent and 2 least recent
Forecast sales of textbooks for the applicable periods using a two period weighted moving average where the weights are most recent and 2 least recent
Calculate MAD for this approach
Use simple exponential smoothing with alpha = 0.6 to forecast textbook sales . Assume that the forecast for January was for 42 textbooks calculate MAD for this approach
Which method do you recommend ? explain in one sentence
Month
Textbook sales
January
48
February
50
March
42
April
49
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