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Sales of industrial vacuum cleaners at Larry Armstrong Supply Co . over the past 1 3 months are shown below: Month Jan Feb Mar Apr
Sales of industrial vacuum cleaners at Larry Armstrong Supply Co over the past months are shown below:
Month Jan Feb Mar Apr May Jun Jul
Sales
Month Aug Sep Oct Nov Dec Jan Feb
Sales
a Using a moving average with periods, determine the demand for vacuum cleaners for next February
b What is the MAD for the moving average forecast?
c Using a weighted moving average with periods, determine the demand for vacuum cleaners for February. Use and for the weights of the most recent, second most recent, third most recent, and fourth most recent, respectively.
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d What is the MAD for the weighted moving average forecast?
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e Based on MAD, which is a better forecast?
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