The Norton Industrial Company has 12 quarters of historical sales data and is interested in forecasting sales for quarter 13.The following data are available:
Based on this data,using simple exponential smoothing with a smoothing constant value equal to 0.10 and a starting forecast value equal to the sales in quarter 1 to forecast sales for period 13,what is the MAD value for periods 2-12?

Question

The Norton Industrial Company has 12 quarters of historical sales data and is interested in forecasting sales for quarter 13.The following data are available:
  Based on this data,using simple exponential smoothing with a smoothing constant value equal to 0.10 and a starting forecast value equal to the sales in quarter 1 to forecast sales for period 13,what is the MAD value for periods 2-12?

Quizplus · Accepted Answer

The Answer of The Norton Industrial Company has 12 quarters of historical sales data and is interested in forecasting sales for quarter 13.The following data are available:
  Based on this data,using simple exponential smoothing with a smoothing constant value equal to 0.10 and a starting forecast value equal to the sales in quarter 1 to forecast sales for period 13,what is the MAD value for periods 2-12?

The Norton Industrial Company Has 12 Quarters of Historical Sales