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QUESTION
Sales of vegetable dehydrators at Bud Banis discount department store in St.Louis over the past year are shown below.
Sales of vegetable dehydrators at Bud Banis discount department store in St.Louis over the past year are shown below. Managment prepared a forecast using a combination of exponential smoothing and its collective judgment for the 4 months. (March, April, May and June of 2010): Management Forecast10093961101241199283120114110108a) Compute the MAD and MAPE for management's technique.b) Do management's results outperform a naive forecast?c) Which forecast do you recommend, based on lower forecast error?
