Pricilla Phranklin opened her clothing store, Pricilla Phashions, in Downtown Dover a little over three years ago. Pants, skirts, blouses, and shirts have fairly consistent sales, while things like shorts, sweater and outerwear are highly seasonal. On the other hand, dresses are a little harder to predict. Pricilla is hiring you to arrive at the best forecasting method for dresses. The following table contains three years of dress sales data Year 1 Month Demand Jan Feb Mar Apr Ap May Jun ww Jul . Aug Sep Oct Nov Dec Total 186 222 *********** Year 2 Demand 217 220 239 2.99 362 www 727 *** 376 www 341 290 296 600 318 708 4694 Year 3 Deman d 212 245 252 376 919 757 10 404 354 324 338 618 356 713 4949
Pricilla Phranklin opened her clothing store, Pricilla Phashions, in Downtown Dover a little over three years ago. Pants, skirts, blouses, and shirts have fairly consistent sales, while things like shorts, sweater and outerwear are highly seasonal. On the other hand, dresses are a little harder to predict. Pricilla is hiring you to arrive at the best forecasting method for dresses. The following table contains three years of dress sales data Year 1 Month Demand Jan Feb Mar Apr Ap May Jun ww Jul . Aug Sep Oct Nov Dec Total 186 222 *********** Year 2 Demand 217 220 239 2.99 362 www 727 *** 376 www 341 290 296 600 318 708 4694 Year 3 Deman d 212 245 252 376 919 757 10 404 354 324 338 618 356 713 4949
Chapter9: Sequences, Probability And Counting Theory
Section9.7: Probability
Problem 60SE: Use this data for the exercises that follow: In 2013, there were roughly 317 million citizens in the...
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4. Using the actual Year-3 numbers check your forecast accuracy, by calculating CFE, MSE, MAD, MAPE, and the tracking signal on microsoft Excel
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