Answered

Welcome to Westonci.ca, where curiosity meets expertise. Ask any question and receive fast, accurate answers from our knowledgeable community. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

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):

Sagot :

hyderali230

Answer:

The MAD is 15.50

Explanation:

Note: The question was incomplete, please find the attached complete question.

MAD for forecast

MAD refers to mean absolute deviation.

MAD determines the forecasted value of the demand from the actual demand.

MAD is described as a mean deviation for every period in absolute terms.

The MAD is calculated as follow

Month ____ Sales Units ___ Forcasted Value ____ Absolute deviation

____________ X _____________ Y ______________ |X – Y|  

March _____ 101 units _______ 120 units __________ 19 units

April ______ 96 units ________114 units ___________18 units

May _______89 units ________112 units ___________23 units

June______ 108 units ________110 units ___________2 units

Total absolute Deviation ________________________ 62 units

Calculate the Mean of absolute Deviation as follow

Mean of absolute Deviation as follow = Total absolute Deviation / Numbers of months

Mean of absolute Deviation as follow = 62 units / 4 months

Mean of absolute Deviation as follow = 15.50 per month

Mean of absolute Deviation as follow = 15.50

View image hyderali230
Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.