Question: [ 2 0 points ] Donut King tracked sales for 2 weeks. Sales data is in the following table. Day Mo Tu We Th Fr
points Donut King tracked sales for weeks. Sales data is in the following table.
Day Mo Tu We Th Fr Sa Su Mo Tu We Th Fr Sa Su
Sales
a Develop a day moving average forecast for days and compute the MAD.
b Develop a day moving average forecast for days and compute the MAD.
c Develop forecast for days with a day weighted moving average in which sales for
the most recent day are given a weight of and sales in the previous days are given a
weight of and Wt Wt Wt What is the MAD?
d Which forecasting model is most accurate as per MAD values?
e Discuss whether MAD is a good tool to compare forecasting models or not.
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