Question: pls do. ASAP C. The table below shows the number of Bible sales recorded at a certain store. i. Forecast the demand for all weeks

 pls do. ASAP C. The table below shows the number of

pls do. ASAP

C. The table below shows the number of Bible sales recorded at a certain store. i. Forecast the demand for all weeks possible using a two-period moving average. (4 marks) ii. What is the MAD for this method? (4 marks) iii. If the store decided to forecast using exponential smoothing with value of alpha \\( =0.7 \\), what would be the forecasts for Bibles? (Use 2 decimal places). (4 marks) iv. Is this an improvement over the previous method? Explain? (2 marks)

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!