Sales for the past 12 months at Bell, Inc. are given below. a. Use a three-month moving
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a. Use a three-month moving average to forecast the sales for the months May through December.
b. Use a four-month moving average to forecast the sales for the months May through December.
c. Compare the performance of the two methods by using the bias and MAD as the performance criterion. Which method do you recommend?
Transcribed Image Text:
SALES ($ MILLIONS) 26 31 27 18 16 SALES ($MILLIONS MONTH MONTH January February March April May June 10 12 14 16 18 23 July August September October November December
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a 3month moving average forecast for month 5 Demand sum for month 2 3 and 43 12 14 163 14 b 4mont...View the full answer
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Related Book For
Supply Chain Focused Manufacturing Planning and Control
ISBN: 978-1133586715
1st edition
Authors: W. C. Benton
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