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.
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.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter9: Quadratic Functions And Equations
Section9.8: Analyzing Functions With Successive Differences
Problem 7CYU
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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 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 |
January | 10 |
February | 12 |
March | 13 |
April | 16 |
May | 19 |
June | 23 |
July | 26 |
August | 30 |
September | 28 |
October | 18 |
November | 16 |
December | 14 |
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