Question: Sue Sayer is employed as a forecasting analyst for the Barry M . Stiff Casket Corporation. Ms . Sayer has collected the following sales data
Sue Sayer is employed as a forecasting analyst for the Barry M Stiff Casket Corporation. Ms
Sayer has collected the following sales data on Stiff's bestselling casket, Model A:
a What's the fourperiod moving average forecast for period made at the end of period
b If the forecast for period were what would be the forecast for period made at the end of
period using basic exponential smoothing and a smoothing constant of
c If the base at the end of period were and the trend at the end of period were
what would be the forecast for period made at the end of period
d Given the model described in c what would be the forecast for period made at the end of
period
e Given the model described in c and d what would be the forecast for period made at the end of
period
f What would be the mean absolute deviation of forecast errors, given that forecasts for periods
and were and respectively?
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