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Sales of quilt covers at Bud Banis's discount department store in Carbondale over the past year are shown below. Management prepared a forecast using a
Sales of quilt covers at Bud Banis's discount department store in Carbondale over the past year are shown below. Management prepared a forecast using a combination of exponential smoothing and its collective judgment for the 4 months (March, April, May, and June):
Month | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
Unit Sales | 102 | 97 | 94 | 108 | 120 | 120 | 95 | 85 | 101 | 98 | 88 | 110 |
Management's Forecast | 122 | 114 | 112 | 110 |
a) MAD
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for the forecast developed by the management's technique =
nothing
sales (round your response to two decimal places).
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