The Norton Industrial Company Has 12 Quarters of Historical Sales

question 75

Essay

The Norton Industrial Company has 12 quarters of historical sales data and is interested in forecasting sales for quarter 13.The following data are available: Based on this data,using simple exponential smoothing with a smoothing constant value equal to 0.10 and a starting forecast value equal to the sales in quarter 1 to forecast sales for period 13,what is the MAD value for periods 2-12?

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Definitions:

Slaveholding

The practice or condition of owning slaves, historically seen in contexts where slavery was legally recognized.

Free States

Historically, states in the United States that were anti-slavery and did not permit slavery within their boundaries before the Civil War.

Large States

In the context of U.S. history, refers to states with larger populations that sought greater representation in Congress during the formation of the Constitution.

Small States

Countries or regions with relatively low population and/or land area, often with limited economic or political power on the global stage.