Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I WANT DETAILED EXPLANATION REGARDGING THIS QUESTION EACH STEP OF EXCEL HOW TO DO IT PLEASE URGENT SUV sales data below has data on quarterly

I WANT DETAILED EXPLANATION REGARDGING THIS QUESTION EACH STEP OF EXCEL HOW TO DO IT PLEASE URGENT SUV sales data below has data on quarterly sales of number of four-wheel drive sports utility vehicles(SUV) sold at a dealership for the years 2014 thru 2016. Using Excels Data Analysis add-in, develop forecast sales for year 2017 using Excels forecast sheet for seasonal data. A) The dealership believes that there is a way to predict future demands for

image text in transcribed

the number od SUV sales using the exponential smoothing model. Develop such a model with an alpha of 0.1 and forecast the sales for 2017. Also develop a Mean absolute Deviation (MAD)metric for this prediction.

\begin{tabular}{cccc} Year & Quarter & Time & \begin{tabular}{c} Units \\ Sold \end{tabular} \\ \hline 2014 & 1 & 1 & 23 \\ & 2 & 2 & 25 \\ & 3 & 3 & 36 \\ & 4 & 4 & 31 \\ 2015 & 1 & 5 & 26 \\ & 2 & 6 & 28 \\ & 3 & 7 & 48 \\ 2016 & 4 & 8 & 36 \\ & 1 & 9 & 31 \\ & 2 & 10 & 42 \\ & 3 & 11 & 53 \\ & 4 & 12 & 43 \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Database Management An Organizational Perspective

Authors: Richard T. Watson

1st Edition

0471305340, 978-0471305347

More Books

Students also viewed these Databases questions

Question

Brief the importance of span of control and its concepts.

Answered: 1 week ago

Question

What is meant by decentralisation?

Answered: 1 week ago