Sales for the past 12 months at computer success are given here: January 3,000 July 6,300 february 3,400 August 7,200 march 3,700 September 6400 april 4100 October 4600 may 4700 November 4200 june 5700 December 3900 use a 3 month moving average to forecast sales for the months May through December use a 4 month moving average to forecast the sales for the months may through December compare the performance of the two methods by using the mean absolute deviation as the performance criterion. Which method would you recommend?
Sales for the past 12 months at computer success are given here: January 3,000 July 6,300 february 3,400 August 7,200 march 3,700 September 6400 april 4100 October 4600 may 4700 November 4200 june 5700 December 3900 use a 3 month moving average to forecast sales for the months May through December use a 4 month moving average to forecast the sales for the months may through December compare the performance of the two methods by using the mean absolute deviation as the performance criterion. Which method would you recommend?
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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Sales for the past 12 months at computer success are given here:
January 3,000 July 6,300
february 3,400 August 7,200
march 3,700 September 6400
april 4100 October 4600
may 4700 November 4200
june 5700 December 3900
use a 3 month moving average to
use a 4 month moving average to forecast the sales for the months may through December
compare the performance of the two methods by using the mean absolute deviation as the performance criterion. Which method would you recommend?
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