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6 August, 06:14

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 341 times next season. Susan forecasts sales of 535, and Sarah forecasts 199 What would be the result of a simple forecast combination? (Round to two decimal places)

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  1. 6 August, 07:56
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    358.33 times

    Explanation:

    The computation of the simple forecast combination is shown below:

    = (Forecast sales done by Mary + Forecast sales done by Susan + Forecast sales done by Sarah) : (Total number of observations)

    = (341 + 535 + 199) : (3)

    = (1,075) : (3)

    = 358.33 times

    We simply divided the total sales forecasted done by each one by the total number of observations
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