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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

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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 combination of exponential smoothing and its collective judgment for the 4 months (March, April, May, and June): Month Aug Sep Nov Dec Feb Mar Apr May Jun Unit Sales 100 120 118 92 102 8 2 Management's Forecast 1 I 125 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): Month Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 110 Unit Sales 100 118 102 Naive Forecast 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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