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 96 108 126 119 95 83 100 94 89 112 Management's Forecast 122 114 110 110 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 96 108 126 119 95 83 100 94 89 112 Management's Forecast 122 114 110 110 a) MAD for the forecast developed by the management's technique = sales (round your response to two decimal places).
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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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
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Unit Sales
102
97
96
108
126
119
95
83
100
94
89
112
Management's Forecast
122
114
110
110
a) MAD for the forecast developed by the management's technique =
sales (round your response to two decimal places).
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