Create a forecast for each month from july to january

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Reference no: EM13897011

The following data show the number of laptop computers sold each month at a retail store:

Month	Unit Sales
January	200
February	230
March	225
April	240
May	210
June	180
July	160
August	310
September	320
October	270
November	250
December	300

a. Assuming the estimated trend from May to June was 24 and the forecast for June was 190, use trend-adjusted exponential smoothing with a 5 0.3 and

b 5 0.2 to forecast sales for each of the seven following months: July, August, September, October, November, December, and January.

b. Use regression for the data from January to June to create a forecast for each month from July to the following January.

c. Compare the two sets of forecasts generated in parts a and b. Which forecast model produces a better MFE? MAD?

Reference no: EM13897011

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