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Using a moving average with three periods, determine the demand for vacuum cleaners for next February. Using a weighted moving average with three periods, determine
Using a moving average with three periods, determine the demand for vacuum cleaners for next February.
Using a weighted moving average with three periods, determine the demand for vacuum cleaners for February. Use and for the weights of the most recent, second most recent, and third most recent periods, respectively. For example, if you were forecasting the demand for February, November would have a weight of December would have a weight of and January would have a weight of
Using MAD, determine which is the better forecast.
What other factors might Parker consider in forecasting sales?
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