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Use the following Sales Data to a) Develop a 4-month moving average forecast, a forecast for January, and compute the MAD. b)Develop 3-month moving average
Use the following Sales Data to
a) Develop a 4-month moving average forecast, a forecast for January, and compute the MAD.
b)Develop 3-month moving average forecast, a forecast for January, and calculate a MAD.
c) Which model should be used in the future? Explain why this is your answer.
Month | Actual Shed Sales | |
1 | January | 10 |
2 | February | 12 |
3 | March | 13 |
4 | April | 16 |
5 | May | 19 |
6 | June | 23 |
7 | July | 26 |
8 | August | 30 |
9 | September | 28 |
10 | October | 18 |
11 | November | 16 |
12 | December | 14 |
13 | January |
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