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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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