Question: For the forecast developed by Bob using exponential smoothing, the mean absolute deviation (MAD) = sales (round your response to two decimal places). For the

For the forecast developed by Bob using

For the forecast developed by Bob using exponential smoothing, the mean absolute deviation (MAD) = sales (round your response to two decimal places).

For the forecast developed by Sherry using a 3-month moving average, the mean absolute deviation (MAD) = sales (round your response to two decimal places).

Storrs Cycles has just started selling the new Cyclone mountain bike, with monthly sales as shown in the table. Month Sales Jan 404 Feb 372 Mar 418 Apr 365 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, co-owner Bob Day wants to forecast by exponential smoothing by initially setting February's forecast equal to January's sales with a = 0.20. Using the forecasting method, Bob's forecast for the month of May is (round your response to two decimal places): Month Sales Forecast Jan Feb Mar Apr May 404 372 418 365 404.00 397.60 401.68 394.34 Second, co-owner Sherry Snyder wants to forecast using a three-period moving average. The forecast for the month of May is (round your response to two decimal places). Month Forecast Jan Feb Mar Apr Sales 404 372 418 365 398.00 385 May tervisele Hel AL

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