PolyNovo is a biotech company specializing in artificial ski…
PolyNovo is a biotech company specializing in artificial skin projects. Last year they had a significant jump in sales in November. they report sales in millions of US Dollars. Calculate the MAD on their forecast for the four months of July to October. Do the same for the two months after that sales jump (November and December). By how much dose the MAD increase between the two periods? Month Actual Sales Management’s Forecast January 5.2 February 5.5 March 5.8 April 6.0 May 6.3 June 6.5 July 6.8 6.6 August 7.0 6.9 September 7.2 7.1 October 7.5 7.3 November 10.1 7.6 December 11.0 8.0 Note: The manager’s forecasts are available from July to December.