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(Solved): The table below shows the sales figures for a brand of shoe over the last 12 months. a. Using the ...



The table below shows the sales figures for a brand of shoe over the last 12 months.
a. Using the following, forecast the sal

The table below shows the sales figures for a brand of shoe over the last 12 months. a. Using the following, forecast the sales for the months up to January the following year:- i. A simple three month moving average. [2 marks] ii. A three period weighted moving average using weights of 1,2 and 3 . Assign the highest weight to the most recent data. [3 marks] iii. Exponential Smoothing when \( \alpha=.6 \) and the forecast for March is 350 . [5 marks] iv. Determine which of the three forecasting technique is the most accurate using MAD. [4 marks]


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Here is your answer- Part a: The following formulae are used for calculation. Exponential Smoothing: Ft+1=?×At+(1??)×Ft And, MAD= ?i|Ai?Fi|n Hence, us
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