Develop a four-month moving average forecast for Wallace Garden Supply and compute the MAD. A three-month moving
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MONTH January February March April May June July August September October November December January ACTUAL SHED SALES 10 12 13 16 19 23 26 30 28 18 16 14 3-MONTH MOVING AVERAGE (10+12+13)/3 = 11.67 (121316)/3 13.67 (131619)/3 16.00 (16+1923)/3 19.33 (19 2326)/3 22.67 (23 2630)/3 26.33 (26 + 30 + 28)/3 = 28.00 (30 +2818)/3 25.33 (281816)/3 20.67 (1 8 + 1 6 + 14)/3 1 6.00
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Actual Month Shed Sales FourMonth Moving Average Jan 10 Feb 12 Mar 13 ...View the full answer
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Quantitative Analysis for Management
ISBN: 978-0132149112
11th Edition
Authors: Barry render, Ralph m. stair, Michael e. Hanna
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