Sales for the past 12 months at Computer Success are given here. Month Sales ($) Month Sales ($) January February March April May June 3000 3400 3700 4100 4700 5700 July August September October...


Sales for the past 12 months at Computer Success are given here.


















Month

Sales ($)

Month

Sales ($)

January


February


March


April


May


June



3000


3400


3700


4100


4700


5700



July


August


September


October


November


December



6300


7200


6400


4600


4200


3900



a. Use a three-month moving average to forecast the sales for the months May through December.
b. Use a four-month moving average to forecast the sales for the months May through December.
c. Compare the performance of the two methods by using the mean absolute deviation as the performance criterion. Which method would you recommend?
d. Compare the performance of the two methods by using the mean absolute percent error as the performance criterion. Which method would you recommend?
e. Compare the performance of the two methods by using the mean squared error as the performance criterion. Which method would you recommend?



Jun 02, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here