The Zocor Company is interested in forecasting period 13 sales for a product.It has 12 months of
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The Zocor Company is interested in forecasting period 13 sales for a product.It has 12 months of historical data.The following shows the data and the forecasted valued for periods 1-12 using a single exponential smoothing model with a smoothing constant value equal to 0.20 What is the value of the MAD for periods 2-12?
A)About 19.6
B)Nearly 6
C)Approximately 15.4
D)Can't be determined without more information
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