question archive The department manager using a combination of methods has forecast sales of toasters at a local department store
The department manager using a combination of methods has forecast sales of toasters at a local department store
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The department manager using a combination of methods has forecast sales of toasters at a local department store. Calculate the MAD for the manager's forecast. Compare the manager's forecast against a naive forecast covering the same time period. Which is better?
|
Month |
Unit Sales |
Manager's forecast |
|
January |
52 |
|
|
February |
61 |
|
|
March |
73 |
|
|
April |
79 |
|
|
May |
66 |
|
|
June |
51 |
|
|
July |
47 |
50 |
|
August |
44 |
55 |
|
September |
30 |
52 |
|
October |
55 |
42 |
|
November |
74 |
60 |
|
December |
125 |
75 |
|
|
|
|
