QuickHelper

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About QuickHelper

Levels Tought:
Elementary,High School,College,University,PHD

Expertise:
Accounting,Applied Sciences See all
Accounting,Applied Sciences,Business & Finance,Chemistry,Engineering,Health & Medical Hide all
Teaching Since: May 2017
Last Sign in: 352 Weeks Ago, 6 Days Ago
Questions Answered: 20103
Tutorials Posted: 20155

Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Business & Finance Posted 12 Jun 2017 My Price 6.00

supply chain forecasting

Question description

 

 

Mar  Apr  May  Jun  Jul  Aug

Units Sold  2460  2790  2580  2910  3150  2890

Given these sales figures over the last 6 months, your boss needs you to create a forecast model that can be used for the next 6 months.  Use three different forecasting methods (last period, 2 period moving average and 3 period moving average) to determine which forecasting method would be best to forecast sales for the next 6 months.  For your measure of “best”, recommend to your boss the method with the lowest mean absolute deviation (MAD).

a)  Calculate the MAD for each of the 3 forecasts (6 points).

b)  Provide your September forecast (2 points).

Answers

QuickHelper
(10)
Status NEW Posted 12 Jun 2017 07:06 PM My Price 6.00

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