Question: Assume your group number is equal to 1 Please typed not handwritten Q4) Mat Damon owns an independent bookstore in Dubai. Mat sells merchandise

Assume " your group number" is equal to 1 Please

Assume " your group number" is equal to 1

Please typed not handwritten

Q4) Mat Damon owns an independent bookstore in Dubai. Mat sells merchandise items that has steady demand in his store. One of these items are notebooks, which Mat wants to forecast the demand in 2019. Demand for notebooks in the last 5 years are as follows: Year Demand 2013 1700*Your group number +100 2014 1880*Your group number +100 2015 1689*Your group number +100 2016 1835*Your group number +100 2017 1758*Your group number +100 2018 1860*Your group number +100 A) Create a forecast for 2016, 2017, 2018 and 2019 using 3 months MA. B) Create a forecast for 2016, 2017, 2018 and 2019 using exponential smoothing with alpha=0.4. Use F1 = D. C) Calculate the forecast errors, MAD, MAPE by these methods ( 3 months MA and exponential smoothing with alpha=0.4). Determine which method is more accurate. D) Briefly discuss whether there is any trend in the sales data over the years. Which analysis you would do

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!