Question: please shop steps Question I: Forecasting 1. Monthly sales for consumer electronic goods at Best Buy for a 4-month period were as follows: Month Feb

please shop steps Question I: Forecasting 1.please shop steps

Question I: Forecasting 1. Monthly sales for consumer electronic goods at Best Buy for a 4-month period were as follows: Month Feb Mar Apr May Sales (in hundreds) | 120 | 194 275 360 Forecast June Sales volume using each of the following techniques (Note: round off all values to two decimal places): a) Nave approach (the most appropriate one) b) A three-month moving average c) A weighted moving average using 0.4 for the most recent month, 0.3, 0.2 and 0.1 for the next most recent months. d) Exponential smoothing with a smoothing constant equal to 0.5 e) Linear Trend Equation f) Compare the forecast accuracy for a MAD metric using Exponential smoothing, and Linear Trend. Which among the two is a better technique for this data

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