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Sales of music stands at Johnny Ho music store in Columbus, Ohio, over the past 10 weeks are shown in the table below.
a) Forecast demand for each week, including week 10, using exponential smoothing with α = .5 (initial forecast = 20).
Week Demand Week Demand1 20 6 292 21 7 363 28 8 224 37 9 255 25 10 28
b) Compute the MAD.
c) Compute the tracking signal
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Vogel Approximation Methods ( VAM): like the least methods the Vogel Approximation Methods( VAM) also consider the shipping costs. but in a relative sense when making allocations.
#theories and techniques can help if applies properly.
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List the specific weaknesses of each of these approaches to developing a forecast: a. Consumer surveys. b. Sales-force composite
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