A small business selling lawn mowers has decided to forecast. Their biggest revenue mower sold 15 units in February, 24 units in March and 28 units in April. Using a three month average, what would they forecast for April? (2 decimal places)
1. A distributor of soda is forecasting their purchases of Diet Birch Cola. Their demand has been:
Jan 36
Feb 41
Mar 37
Apr 55
May 26
Jun 43
Using a six month average, what would they forecast in July (round to the nearest whole number
A big box retailer forecasted 118 units of a big screen TV in their Wallingford store for th emonth of February. They actually sold 123 units. Using exponential smoothing with alpha = .15, what would they forecast for March (round to the nearest whole number).
2. A small business sells lawn furniture. They have four sets. In May, they had the following forecasts and demand:
Set Forecast Demand
A 15 23
B 246 378
C 113 88
D 87 91
What is the WMAPE for this product family? Round to the nearest whole %