Question: a . Develop a 4 - month moving average to forecast sales. b . Use exponential smoothing method with alpha = 0 . 3
a Develop a month moving average to forecast sales.
b Use exponential smoothing method with alpha smoothing constant to forecast in kate walsh
come. Assume that the initial forecast for January is $S
c Calculate the error and the absolute error for each forecast and summarize your computations in the table below.
d Compute the MAD as an accuracy measure for evaluating the performance of forecasting method then decide which forecasting method provides a better forecast? Explain
e Use the better of the two methods to forecast sales for January
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