True Beauty is a cosmetics company that uses exponentialsmoothing with trend to forecast monthly sales of its specialface cream. At the end of November, the company wants toforecast sales for December. The trend through October hasbeen 10 additional boxes sold per month. Average sales havebeen 60 boxes per month. The demand for November was 68boxes. The company uses a 0.20 and b 0.10. Make a forecast including trend for the month of December.

Q: Sara manages one of the Albireds shoe lines, and is working to improve the group's forecasting…

A: Given data is

Q: 4, The accompanying dataset provides the closing prices for four stocks and the stock exchange over…

A: Date A B C D Stock Exchange 9/3/2010 127.07 18.54 20.84 15.44 10,536.56 9/7/2010 124.84 18.21…

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Q: determine the forecasts for the first four months of 2024 (January, February, March, and April)…

A: MonthSalesJan51Feb55Mar54Apr57May50Jun68Jul66Aug59Sep67Oct69Nov75Dec77

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A: Given:  An initial trend forecast (T1) = 1.00 An initial exponentially smoothed forecast (F1) = 30.…

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A: Given information:

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A: Absolute Error = Sales- ForecastMAD = ∑Absolute ErrornWhere n = No. of periods

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Q: (Round your answers to 2 decimal places.) Complete the table above, filling in the "Forecast for…

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Q: snip

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A:

Q: Given the following data, according to MAD/MAE which is the most accurate forecasting…

A: MAD (Mean Absolute deviation) indicates the average of absolute error value.Use the below formula:

Forecasting in Business

Forecasting is the process of predicting the future based on the past and the present data and circumstances. In other words, forecasting is the act of making a detailed analysis of future events based on the decisions made in the past as well as the present. Forecasting plays a very important role in operational management as it helps in planning and decision-making. It is not only important for the success of a business but also contributes to individual growth and success. Many business organizations or companies have failed due to the shortcomings of their forecasting.