Question 1

Question 1 - 28 (23+26+30)/3=26.33 October 18...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
3 1 2 6 1. Develop a four month moving average forecast for Wallace garden supply and compute the MAD .A three month moving average forecast was developed in the section on moving averages in following :- Month Actual Shed Sales Three month moving Average January 10 February 12 March 13 April 16 (10+12+13)/3 =11.67 May 19 (12+13+16)/3=13.67 Jun e 23 (13+16+19)/3=16.00 July 26 (16+19+23)/3=19.33 August 30 (19+23+26)/3=22.67 September
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 28 (23+26+30)/3=26.33 October 18 (26+30+28)/3=28.00 November 16 (30+28+18)/3=25.33 December 14 (28+18+16)/3=20.67 January - (18+16+14)/3=16.00 Wallace Garden supply decides to forecast storage shed sales by weighting the past three month as follows_:-Weights Applied Period 3 Last month 2 Two month ago 1 Three month ago X sales last month+ x Sales two month ago + x Sales three months ago. Sum of the weights...
View Full Document

This note was uploaded on 04/05/2011 for the course STAT 603 taught by Professor Kamun during the Spring '11 term at Nyack.

Page1 / 2

Question 1 - 28 (23+26+30)/3=26.33 October 18...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online