The following data are monthly sales of jeans at a local department store. The buyer would like
Question:
(a) Forecast sales of jeans for March through June using the naïve method, a two-period moving average, and exponential smoothing with an α = 0.2.
(b) Compare the forecasts using MAD and decide which is best.
(c) Using your method of choice, make a forecast for the month ofJuly.
Transcribed Image Text:
Month January February 30 March April Sales 45 40 50 June 47
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Since the data appears to be fairly stationary the lower value of should be the bet...View the full answer
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