The business analyst for Video Sales, Inc. wants to forecast this year's demand for DVD based on
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Question:
The business analyst for Video Sales, Inc. wants to forecast this year's demand for DVD based on the following historical data; Develop Forecast using the Nieve method. Would Forecast have produced better results than Forecast and why?
Year
Demand
Forecast
a
Yes, because it has a lower MAD
b
Yes, because it has a higher MAD
c
It cant be determined
d
No because it has a higher MAD
e
No because it has a lower MAD.
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Authors: Karla Johnstone, Audrey Gramling, Larry E. Rittenberg
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