Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The sales of the last 1 2 months in a computer company occur immediately. Respond by giving procedures and answers. MONTH / SALES ( millions
The sales of the last months in a computer company occur immediately. Respond by giving procedures and answers.
MONTH SALES millions of $
January th
February
March
April
May
June
July
August
September
October
November
December
a Use a threemonth moving average to forecast sales for January of the following year.
b Use a fourmonth moving average to forecast next year's January sales.
c Compare the performance of the two methods using the mean absolute deviation as the performance criterion. What method would you recommend?
d Compare the performance of the two methods using the mean percentage error as the performance criterion. What method would you recommend?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started