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( Forecasting ) The following data are monthly sales of jeans at a local department store. The buyer would like to forecast sales of jeans
Forecasting The following data are monthly sales of jeans at a local department store. The buyer would like to forecast sales of jeans for the next month, July.
a Forecast sales of jeans from March to July using the twoperiod moving average ie n
and forecast sales of jeans from April to July using the threeperiod moving average ie
n
b Compare the results in a in terms of accuracy measures Which forecasting method
would you choose? why?
Month
January February March April May June
Sales
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