Data collected on the yearly demand for 50-pound bags of fertilizer at Wallace Garden Supply are shown
Question:
Data collected on the yearly demand for 50-pound bags of fertilizer at Wallace Garden Supply are shown in the following table. Develop a 3-year moving average to forecast sales. Then estimate demand again with a weighted moving average in which sales in the most recent year are given a weight of 2 and sales in the other 2 years are each given a weight of 1. Which method do you think isbest?
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MAD for 3year average 20368 255 MAD for weighted 3year ave...View the full answer
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Sushant Mukhija
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Related Book For 
Quantitative Analysis for Management
ISBN: 978-0132149112
11th Edition
Authors: Barry render, Ralph m. stair, Michael e. Hanna
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