Question: hello , can someone solve this question with showing calculation full work please 1. Following table shows the monthly sales of cars at a dealership:
hello , can someone solve this question with showing calculation full work please
1. Following table shows the monthly sales of cars at a dealership: Forecast using 3 Number of Forecast Month Error period moving cars Sold using Naive average Error Answer the following questions based on the data given above. Show your calculations a. What is the expected sales for the 8th month based on 3 period moving average? (15 Points) ANS b. What is the expected sales for the 8th month based on naive approach? (10 Points) ANS: c. Which of the above two forecasting method is better based on MAD? (25 Points) 3/3 2. There are various forecasting methods available as discussed in Chapter 3. what information would you consider before you select a particular forecasting method? How would you decide on a particular forecasting method for a given dataset from among several forecasting alternatives (50 Point)
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
