Forecast sales for the 11th period. For leveling, use exponential smoothing 0.20 and moving average 3 for averaging; and linear and exponential functions for trend data. Assume an initial exponential forecast of 60 units in period 2 if you decide to use it (i.e., no forecast for period 1). Period 1 2 3 4 5 6 7 8 9 10 Sales 748 690 731 869 845 956 1200 1062 1090 1200

Q: Sales of tablet computers at Marika Gonzalez's electronics store in Washington, D.C., over the past…

A: Ans)

Q: er accuracy if MAD and MSE are used?

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Forecasting in Business

Forecasting is the process of predicting the future based on the past and the present data and circumstances. In other words, forecasting is the act of making a detailed analysis of future events based on the decisions made in the past as well as the present. Forecasting plays a very important role in operational management as it helps in planning and decision-making. It is not only important for the success of a business but also contributes to individual growth and success. Many business organizations or companies have failed due to the shortcomings of their forecasting.