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The Multifacted Garden Store uses two forecasting techniques to predict annual national sales of their lawnmowers at their various franchises. The actual sales and the corresponding forecasts for techniques 1 & 2 for the period spring 2012 to spring 2013 are given below:
Spring 12 Summer 12 Fall 12 Winter 12 Spring 13Actual 17178 11452 6106 1527 18183FC 1 16948 11250 6308 1604 18007FC 2 17453 12102 6006 1445 18504
a. Calculate the MAD, the MAPE, the MSE and the tracking signal for Forecast 1b. Calculate the MAD, the MAPE, the MSE and the tracking signal for Forecast 2c. Compare results obtained in parts a and bd. The company is interested in developing forecasts for their lawnmower sales during the summer of 2011. which of the two forecasting techniques would you recommend that they use, and whye. Actual sales figures for the previous three years are given below
Spring Summer Fall Winter Total2010 15125 9650 4195 1230 302002011 16095 10730 5300 1327 334522012 17178 11452 6106 1527 36263
Can you suggest an appropriate technique that might yield reasonable forecasts for this time series? Use the method you selected to forecast sales for spring 2013.
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