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QUESTION THREE [25] The actual sales figures for Mkondo Manufacturers are listed in table below: Month Actual Sales Units - Year 2020 Month Actual Sales
QUESTION THREE [25] The actual sales figures for Mkondo Manufacturers are listed in table below: Month Actual Sales Units - Year 2020
Month | Actual Sales Unit - Year 2020 |
January | 15025 |
February | 16550 |
March | 17860 |
April | 19655 |
May | 13452 |
June | 17890 |
July | 18665 |
August | 22775 |
September | 30980 |
October | 15760 |
November | 19730 |
December | 17950 |
3.1 Calculate the 2021 forecast for Siyafunda Trading using the exponential smoothing forecasting technique with a smoothing constant of 0.2 and forecast for January 2021 sales of 17625 units. (10)
3.2 Compute the Mean Absolute Deviation (MAD) and Mean Absolute Percentage Error (MAPE) for this forecast. (15)
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