Which method do you think is the least appropriate

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Case: Ms. Winnie Lin's company sells computers. Monthly sales for a six-month period are as follows: MONTH SALES Jan 19,000, Feb 23,000, Mar 16,000, Apr 15,000, May 18,000, Jun 24,000 b. Compute the sales forecast for July using the following approaches: (1) a three-month moving average (2) a weighted three-month moving average using 0.70 for June, 0.20 for May, and 0.10 for April (3) A linear trend equation (4) Exponential smoothing with α (smoothing constant) equal to .40, assuming a February forecast of 19,000

Question: Which method do you think is the least appropriate? Why? Calculate the MAD for each of the four techniques. Which is the best? Why?

Reference no: EM133311753

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