Question: Your manager is trying to determine what forecasting method to use. Based on the following historical data, calculate the following forecast, and specify what procedure
Your manager is trying to determine what forecasting method to use. Based on the following historical data, calculate the following forecast, and specify what procedure you would use.
tableMonthActual Demand
Calculate the overall mean absolute deviation for the forecasts made in questions Place answers in the table. Round your answers to decimal places
tableMean Absolute Deviation MADThreemonth moving average,Threemonth weighted moving average,Simple exponential smoothing forecast,
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