Q1 Actual Forecast 2023 2023 69 72.4 67 66.9 61 59.5 59 61.2 256 260 Q2 Q3 Q4 Total Obtain the MAD -4 7.2 1.8 -1
Q1 Actual Forecast 2023 2023 69 72.4 67 66.9 61 59.5 59 61.2 256 260 Q2 Q3 Q4 Total Obtain the MAD -4 7.2 1.8 -1
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
![Assume today's date is 12/31/2023. Actual sales and forecast for 2023 are given
below.
Actual Forecast
2023
72.4
66.9
59.5
61.2
260
2023
69
67
Q3
61
Q4
59
Total
256
Obtain the MAD
Q1
Q2
7.2
1.8
-1](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe57e3221-cf8e-44aa-b635-4c76663b58da%2Fe18b375e-456a-431e-a2a6-37c859b0e58a%2F2k8n22_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Assume today's date is 12/31/2023. Actual sales and forecast for 2023 are given
below.
Actual Forecast
2023
72.4
66.9
59.5
61.2
260
2023
69
67
Q3
61
Q4
59
Total
256
Obtain the MAD
Q1
Q2
7.2
1.8
-1
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