Business, 18.11.2019 20:31 jacquicmoreland2106
The manager of the petroco service station wants to forecast the demand for unleaded gasoline next month so that the proper number of gallons can be ordered from the distributor. the owner has accumulated the following data on demand for unleaded gasoline from sales during the past 10 months: month gasoline demanded (gal.)october 800november 725december 600january 500february 625march 690april 810may 935june 1,200july 1,100
a. compute an exponentially smoothed forecast, using an ? value of 0.30.b. compute the mapd.
c. compare the two forecasts using mapd and indicate which seems to be the most accurate.
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