Question

Mary, Susan, and Sarah are running a beach boutique on the board walk of Ocean City. Their favorite product is a red lifeguard hoody. Mary believes it will sell 316 times next season. Susan forecasts sales of 500, and Sarah forecasts 203 What would be the result of a simple forecast combination? (Round to two decimal places)

Answer 1

Answer:

simple forecast combination = 339.66

Explanation:

given data

Mary sell = 316

Susan sell = 500

Sarah sell  = 203

to find out

What would be the result of a simple forecast combination

solution

we get simple forecast combination  will be express here as

simple forecast combination = ( Mary sell + Susan sell +  Sarah sell ) ÷ 3   ....................1

put here value we get

simple forecast combination = $\frac{316+500+203}{3}$

simple forecast combination = 339.66