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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:
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:
MAD for the naive forecast sales round your response to two decimal places
MAPE for the forecast developed by the naive approach round your response to two decimal places
c When comparing MAD for the two approaches, the better forecast is achieved using the
When comparing MAPE for the two approaches, the better forecast is achieved using the
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