Question: i need help with part b the naive method. thank you Sales of quilt covers at Bud Banis's discount department store in Carbondale over the
Sales of quilt covers at Bud Banis's discount department store in Carbondale over the past year are shown below. Management prepared a forecast usir combination of exponential smoothing and its collective judgment for the 4 months (March, April, May, and June): a) MAD for the forecast developed by the management's technique = sales (round your response to two decimal places). MAPE for the forecast developed by the management's technique =% (round your response to two decimal places). b) Using the the forecast for period March through June is (round your response to two decimal places)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
