Sales of stoves have been going well for the Good-Value Department Store. These sales for the past
Question:
(a) The last-value method.
(b) The averaging method.
(c) The moving-average method with 3 months.
(d) If you feel that the conditions affecting sales next month will be the same as in the last five months, which of these methods do you prefer for obtaining the forecast? Why?
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Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
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