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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 months March April, May, and June:
tableMonthJul,Aug,Sep,Oct,Nov,Dec,Jan,Feb,Mar,Apr,May,JunUnit Sales,Managements Forecast,
a MAD for the forecast developed by the management's technique sales round your response to two decimal places
MAPE for the forecast developed by the management's technique round your response to two decimal places
b Using the Naive Method, the forecast for period March through June is round your response to two decimal places:
tableMonthJul,Aug,Sep,Oct,Nov,Dec,Jan,Feb,Mar,Apr,May,JunUnit Sales,Naive Forecast,
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