Question
Historical demands for pairs of pants at a Hot Topic store is as follows. Month Demand January 15 February 18 March 31 April 39 May
Historical demands for pairs of pants at a Hot Topic store is as follows.
Month Demand
January 15
February 18
March 31
April 39
May 44
a. Develop forecasts for April and May using a three-month moving average b. Develop forecasts for April and may using Holt's model with, and given that the linear regression of historical demand is c. What are the MAD (mean absolute deviation) for the forecasting form (a) and (b)? which method do you prefer? Why?
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Basic College Mathematics With Early Integers
Authors: Marvin L Bittinger, Judith A Beecher
3rd Edition
0321922794, 9780321922793
