Question: ( 1 6 % ) A simple forecasting method for weekly sales of SSD drives used by a local computer dealer is to form the
A simple forecasting method for weekly sales of SSD drives used by a local
computer dealer is to form the average of the two most recent sales figures. Suppose
sales for the drives for the past weeks were
Week
Sales
a Determine the forecasts for week using and week moving average.
b Using week moving average to forecast the sales for week to
c Compute the MAD for b
d Using week moving average to forecast the sales for week to What effect
does increasing N from to have on the forecast?
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