Sales of storage bins at Bud’s Discount Store over the past eight years are shown below. Year

Question: Sales of storage bins at Bud’s Discount Store over the past eight years are shown below.

a) Find the forecast and the MAPE for year 9 using:

i) a 3-year moving average.

ii) a 3-year weighted moving average with weights of .6 (most recent), .3, and .1.

iii) Exponential smoothing with an alpha of .75 and a starting forecast for year 1 of 90.

iv) Ehe naive method.

b) Which forecasting method is preferable using MAPE?

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Solution: The solution file consists of 2 pages
Deliverables: Word Document