Question: Table 2.1: Actual sales data for the reading glasses during 2021 Month Actual Sales (Pairs of reading glasses) January 2021 2 800 February 2021 3

Table 2.1: Actual sales data for the reading glasses during 2021

Month

Actual Sales (Pairs of reading glasses)

January 2021

2 800

February 2021

3 000

March 2021

5 000

April 2021

4 000

May 2021

5 600

June 2021

8 000

July 2021

8 000

August 2021

7 900

September 2021

6 000

October 2021

4 050

November 2021

4 900

December 2021

5 550

4.2 Determine the Mean Absolute Deviation (MAD) of the three-month-weighted-movingaverage monthly forecasts for the April - December 2021 period. (4 marks)

a. The linear regression equation of the sales of reading glasses for the 2021 financial year is given by the expression: y = 201.4x + 4091 (where 'y' denotes monthly sales, and 'x', the number representing the month. For example, x = 1, 2, 3, etc., if the month is January, February, March, etc.). Use the regression equation to determine the Mean Absolute Deviation (MAD) of the regression forecasts for the April - December 2021 period. .(5 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!