Use the Data Given Below to Answer the Following Question(s)

question 7

Multiple Choice

Use the data given below to answer the following question(s) .
The details of the clock sales at a supermarket for the past 6 weeks are shown in the table below. The time series appears to be relatively stable, without trend, seasonal, or cyclical effects. The simple moving average value of k is set at 2. $$\begin{array} { | c | c | } \hline \text { Week } & \text { Units sold } \\\hline 1 & 88 \\\hline 2 & 44 \\\hline 3 & 54 \\\hline 4 & 65 \\\hline 5 & 72 \\\hline 6 & 85 \\\hline\end{array}$$
-For the given data, calculate the value of the simple moving average mean absolute percentage error.

• A) 20.90
• B) 23.45
• C) 14.39
• D) 25.56

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Definitions:

Off-price Retailers

Stores that sell brand-name and designer merchandise at prices lower than conventional retail stores, often overstock or out-of-season items.

Store Image

The perception or impression that consumers have of a retail store based on its atmosphere, quality of goods, level of service, and overall shopping experience.

Visual Merchandiser

A retail professional that develops layout plans and displays aimed at improving store sales by highlighting select items using visually appealing displays.

Assortment

The variety of products or services offered by a company or available in a market.