A)- Explain the calculation method for the Nalve Forecast model.B) If at the end of every month from January/2019 to December/2019, the Sales Manager would haveapplied the Naive Model, calculate the Naive Forecast values for the months of February/2019 and allthe way to January/2020. Enter those values on the table above.C) Calculate the Absolute Value of Error for every forecasted month, from February/2019 toDecember/2020. Enter those values on the table above.D)- Why are there months when the Absolute Value of Error is very low and months when it is muchhigher?E)- Calculate the Mean Absolute Deviation (MAD), the Mean Squared Error (MSE) and the MeanAbsolute Percent Error (MAPE) for the Naïve Forecast you created for Product X from March/2019 toDecember/2020 (not from February/2019 to January/2020).redictions: On. MonthActual SalesNaive Forecast-Absolute Value of(# of Product X)SalesErrors(# of Product X)Jan/19Feb/19Mar/19Apr/19May/19Jun/19Jul/19Aug/19Sep/19Oct/19Nov/19Dec/19Jan/201,8602,0333,5564,2116,2507,99010,2509,8509,9809,9907,8955,353- Explain the calculation method for the Naive Forecast model.the faln

Forecasting the values in advance helps to reduce the cost, and increase profits by reducing wastage…

Answered: A)- Explain the calculation method for…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Which one of the following is a disadvantage of sales force composite method of forecasting? a. Deliberate underestimation of forecasts by salesmen. b. Sales territories will assist in salesforce training. c. Sales person’s knowledge on which products and services, customers will not buy. d. Consumers opinion regarding purchasing plan are better than salesforce opinion.
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w hy is sales forecasting of paramount importance for any business.....
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Description and Instructions: A cosmetic manufacturer wants to understand why users shop online versus in store, and how they might take better advantage of the online channel; the manufacturer wants to make improvements to the company’s website. The manufacturer also wants to find out why Nordstrom.com (a competitor’s website) appeals to cosmetic consumers versus other websites. The cosmetic manufacturer also wants to find ways to improve consumers’ in-store experience. Further, the manufacturer want to produce a three (3) month sales forecast based on the data produced from the research. Write a report about the marketing research process and your findings. Your report should include: 1.Describe the research design. Use the qualitative method: Netnography. For the following details: Ethical considerations Please include 2 sources and in-text citations from scholar
Description and Instructions: A cosmetic manufacturer wants to understand why users shop online versus in store, and how they might take better advantage of the online channel; the manufacturer wants to make improvements to the company’s website. The manufacturer also wants to find out why Nordstrom.com (a competitor’s website) appeals to cosmetic consumers versus other websites. The cosmetic manufacturer also wants to find ways to improve consumers’ in-store experience. Further, the manufacturer want to produce a three (3) month sales forecast based on the data produced from the research. Write a report about the marketing research process and your findings. Your report should include: Include four (4) research objectives Describe the research design. Use the qualitative method: Netnography. For each give the following details: Participants i. Numbers, gender, age, how selected. Justify each Interviews i. How many, the setting & process, length of time. Justify each ii.…

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