Question
The table below provides the sales data for JD Inc. for the year 1998. Given: = 0.2, = 0.15, and = 0.05 (Hint: Use an
The table below provides the sales data for JD Inc. for the year 1998. Given:= 0.2,= 0.15, and= 0.05
(Hint: Use an additive Holt-Winters model.)
Umbrella Sales of JD Inc.
Year Month Units
1 Jan 3980
1 Feb 4000
1 Mar 4740
1 April 4720
1 May 4920
1 Jun 5140
1 July 4640
1 Aug 4520
1 Sep 4480
1 Oct 4690
1 Nov 4210
1 Dec 4418
2 Jan 4380
2 Feb 4400
2 Mar 5140
2 April 5120
2 May 5320
2 Jun 5540
2 July 5040
2 Aug 4920
2 Sep 4880
2 Oct 5090
2 Nov 4610
2 Dec 4818
What is the value of the mean absolute deviation for the given data?
A) 340.73
B) 8.10
C) 7.62
D) 14.82
*I have attempted to run this in Excel a dozen times and can't even get close to any of these answers. I'd love to know how to properly input the parameters if you can make it work! I have also tried to work it out by hand...no luck.
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