Question: a ) Based on the given monthly sales data, it can be said that there is not a strong linear trend in sales over time.
a Based on the given monthly sales data, it can be said that there is not a strong linear trend in sales over time.
b First, coowner Bob Day wants to forecast by exponential smoothing by initially setting February's forecast equal to January's sales with
Using the forecasting method, Bob's forecast for the month of May is round your response to two decimal places:
Second, coowner Sherry Snyder wants to forecast using a threeperiod moving average. The forecast for the month of May is round your
response to two decimal places
c Assume that May's actual sales figure turns out to be For the forecast developed by Bob using exponential smoothing, the mean absolute
deviation
sales round your response to two decimal places
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