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Sales of quilt covers at Bud Banis's discount department store in Carbondale over the past year are shown below. Management prepared a forecast using a combination of exponential smoothing and its collective judgment for the 4 months (March, April, May, and June): Month Unit Sales Management's Forecast Jul 100 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 93 94 112 120 120 92 85 102 94 90 112 125 114 108 112 a) MAD for the forecast developed by the management's technique = 15.25 sales (round your response to two decimal places). MAPE for the forecast developed by the management's technique = 15.96% (round your response to two decimal places). b) Using the Naive Method, the forecast for period March through June is (round your response to two decimal places): Month Unit Sales Aug Sep Oct Nov Dec Jan Feb 93 94 112 120 120 92 85 Naive Forecast Jul 100 Mar 102 18 Apr May 94 90 8 D Jun 112 22

Sales of quilt covers at Bud Banis's discount department store in Carbondale over the past year are shown below. Management prepared a forecast using a combination of exponential smoothing and its collective judgment for the 4 months (March, April, May, and June): Month Unit Sales Management's Forecast Jul 100 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 93 94 112 120 120 92 85 102 94 90 112 125 114 108 112 a) MAD for the forecast developed by the management's technique = 15.25 sales (round your response to two decimal places). MAPE for the forecast developed by the management's technique = 15.96% (round your response to two decimal places). b) Using the Naive Method, the forecast for period March through June is (round your response to two decimal places): Month Unit Sales Aug Sep Oct Nov Dec Jan Feb 93 94 112 120 120 92 85 Naive Forecast Jul 100 Mar 102 18 Apr May 94 90 8 D Jun 112 22

Practical Management Science
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 of quilt covers at Bud​ Banis's discount department store in Carbondale over the past year are shown below. Management prepared a forecast using a combination of exponential smoothing and its collective judgment for the 4 months​ (March, April,​ May, and​ June):



​b) Using the Naive Method the forecast for period March through June is ​(round your response to two decimal​ places):

 

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Sales of quilt covers at Bud Banis's discount department store in Carbondale over the past year are shown below. Management prepared a forecast using a combination of exponential smoothing and its collective judgment for the 4 months (March, April, May, and June): Month Unit Sales Management's Forecast Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 100 93 94 112 120 120 92 85 102 94 90 112 125 114 108 112 a) MAD for the forecast developed by the management's technique = 15.25 sales (round your response to two decimal places). MAPE for the forecast developed by the management's technique = 15.96 % (round your response to two decimal places). b) Using the Naive Method, the forecast for period March through June is (round your response to two decimal places): Jul Aug Sep Oct Nov 100 93 94 112 120 Month Unit Sales Naive Forecast - Dec Jan Feb Mar Apr 120 92 85 102 94 18 8 May 90 4 Jun 112 22
Transcribed Image Text:Sales of quilt covers at Bud Banis's discount department store in Carbondale over the past year are shown below. Management prepared a forecast using a combination of exponential smoothing and its collective judgment for the 4 months (March, April, May, and June): Month Unit Sales Management's Forecast Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 100 93 94 112 120 120 92 85 102 94 90 112 125 114 108 112 a) MAD for the forecast developed by the management's technique = 15.25 sales (round your response to two decimal places). MAPE for the forecast developed by the management's technique = 15.96 % (round your response to two decimal places). b) Using the Naive Method, the forecast for period March through June is (round your response to two decimal places): Jul Aug Sep Oct Nov 100 93 94 112 120 Month Unit Sales Naive Forecast - Dec Jan Feb Mar Apr 120 92 85 102 94 18 8 May 90 4 Jun 112 22
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