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): MAD for the naive forecast = sales (round your response to two decimal places).

Explanation / Answer

Mad for naive forecasting method is 12.75

We jave MAD = (102-85) +(102-94)+(94-89)+(110-89) /4 = 51/4 =12.75

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