Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

There is no missing information. All the information has been provided!! Calculate the three-month-weighted-moving-average monthly forecasts for the period April 2021 December 2021. Use weights

There is no missing information. All the information has been provided!!

image text in transcribed

Calculate the three-month-weighted-moving-average monthly forecasts for the period April 2021 December 2021. Use weights of 0.5, and 0.2 for the most recent and oldest monthly data respectively and 0.3 for the middle month (show all workings). . .(9 marks) 4.2 Determine the Mean Absolute Deviation (MAD) of the three-month-weighted-moving-average monthly forecasts for the April - December 2021 period. (4 marks) a. The linear regression equation of the sales of reading glasses for the 2021 financial year is given by the expression: y = 201.4x + 4091 (where 'y' denotes monthly sales, and 'x', the number representing the month. For example, x = 1, 2, 3, etc., if the month is January, February, March, etc.). Use the regression equation to determine the Mean Absolute Deviation (MAD) of the regression forecasts for the April - December 2021 period. .(5 marks)

b. Which of the two methods is better at forecasting the sales of the reading classes? Explain. (2 marks)

Study the scenario provided below and answer all questions that follow. InSight Limited imports reading glasses from China for sale in a Southern African country. During the 2021 financial year, the company adhered to the policy of importing 6000 pairs of read ing glasses every month. The actual monthly sales of reading glasses by InSight Limited during the 2021 financial year is depicted in Table 2.1 below. The company paid R5 000 to place an order for the reading glasses and a carrying cost of R2.00 for each pair of reading glasses during 2021. January 2021 Table 2.1: Actual sales data for the reading glasses during 2021

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions

Question

=+c) Now explain to her why these intervals are different.

Answered: 1 week ago