Sales of quilt covers at Bud Banis\'s discount department store in Carbondale ov

Question

Sales of quilt covers at Bud Banis's discount department store in Carbondale over the past year are shown below. Management prepared a forecast using a combination of exponential smoothing and its collective judgment for the 4 months (March, April, May, and June): MAD for the forecast developed by the management's technique = 16.5 sales (round your response to two decimal places). MAPE for the forecast developed by the management's technique = 17.42 % (round your response to two decimal places). Using the Naive Method, the forecast for period March through June is (round your response to two decimal places):

Explanation / Answer

we know that as per naive method; last month actual is currrent month forecast.

from above

month forecast

Mar 85

April 102

May 94

June 89

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