The following data are monthly sales of jeans at a local

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The following data are monthly sales of jeans at a local department store. The buyer would like to forecast sales of jeans for the next month, July.

(a) Forecast sales of jeans for March through June using the naÃ¯ve method, a two-period moving average, and exponential smoothing with an Î± = 0.2. (Hint: Use naÃ¯ve to start the exponential smoothing process

(b) Compare the forecasts using MAD and decide which is best

Reference no: EM13586510

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