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please solve the question 10 b. Use a 4-month moving average to torecast me saites for the months May through December. c. Compare the performance
please solve the question 10
b. Use a 4-month moving average to torecast me saites for the months May through December. c. Compare the performance of the two methods by using the mean absolute deviation as the performance criterion. Which method would you recommend? d. Compare the performance of the two methods by using the mean absolute percent error as the performance criterion. Which method would you recommend? e. Compare the performance of the two methods by using the mean squared error as the performance criterion. Which method would you recommend? Which method would you recommend? 10. A convenience store recently started to carry a new brand of soft drink. Management is interested in estimating future sales volume to determine whether it should continue to carry the new brand or replace it with another brand. The table here provides the number of cans sold per week. Use both the trend projection with regression and the exponential smoothing (let =0.4 with an initial forecast for week 1 of 617) methods to forecast demand for week 13. Compare these methods by using the mean absolute deviation and mean absolute percent error performance criteria. Does your analysis suggest that sales are trending and, if so, by how muchStep by Step Solution
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