The data below are the monthly sales of jeans at a local department store. The buyer would like to forecast sales of jeans for the next month, July. i. Forecast sales of jeans for March through June using the naive method, a two-period moving average, and exponential smoothing with an a=0.2. (Use naive to start the exponential smoothing process) ii. Compare the forecasts using MAD and decide which is best. iii. Using your method of choice, make a forecast for the month of July. Month        Sales Jan             45 Feb             30 March         40 April            50 May            55 June            47

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The data below are the monthly sales of jeans at a local department store. The buyer would like to forecast sales of jeans for the next month, July.

i. Forecast sales of jeans for March through June using the naive method, a two-period moving average, and exponential smoothing with an a=0.2. (Use naive to start the exponential smoothing process)

ii. Compare the forecasts using MAD and decide which is best.

iii. Using your method of choice, make a forecast for the month of July.

Month        Sales

Jan             45

Feb             30

March         40

April            50

May            55

June            47

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