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 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Unit Sales 102 97 96 112 120 120 92 84 100 96 88 112 Management's Forecast 125 116 108 108 a) MAD for the forecast developed by the management's technique = sales (round your response to two decimal places).

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 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Unit Sales 102 97 96 112 120 120 92 84 100 96 88 112 Management's Forecast 125 116 108 108 a) MAD for the forecast developed by the management's technique = sales (round your response to two decimal places).

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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