What is the Mean Absolute Deviation (MAD) for August through December forecasts produced by using exponential smoothing with α = 0.4? (Note: Do not round the forecasts, and choose the closest answer.) Multiple Choice 39.64 8.75 15.28 11.94

What is the Mean Absolute Deviation (MAD) for August through December forecasts produced by using exponential smoothing with α = 0.4? (Note: Do not round the forecasts, and choose the closest answer.) Multiple Choice 39.64 8.75 15.28 11.94

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section: Chapter Questions

Problem 42P: The file P13_42.xlsx contains monthly data on consumer revolving credit (in millions of dollars)...

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Concept explainers

Cash Outflow

The term "cash flow" basically means the flow of money in and out of business. The cash flow usually takes place from operational, investing, and financing activities. The cash flow normally denotes the amount of cash that is transferred either into the business as positive cash flows or out of business as expenses with regards to operating, investing, and financing activities.

Question

Sales for the past 6 months at Dalworth Company are given in the following table:

Month	Sales
July	52
August	61
September	53
October	35
November	31
December	28

What is the Mean Absolute Deviation (MAD) for August through December forecasts produced by using exponential smoothing with α = 0.4?

(Note: Do not round the forecasts, and choose the closest answer.)

Multiple Choice

39.64

8.75

15.28

11.94

Leveraging special tenchniques in analyzing historical data to predict future trends. Forecasting covers the methods and types of forecasting and their application to case studies.

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