The Zocor Company Is Interested in Forecasting Period 13 Sales

question 10

Multiple Choice

The Zocor Company is interested in forecasting period 13 sales for a product.It has 12 months of historical data.The following shows the data and the forecasted valued for periods 1-12 using a single exponential smoothing model with a smoothing constant value equal to 0.20 What is the value of the MAD for periods 2-12?

• A)About 19.6
• B)Nearly 6
• C)Approximately 15.4
• D)Can't be determined without more information

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