A company has the following actual (a t) and forecast (F t) values for one of its

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A company has the following actual (a t) and forecast (F t) values for one of its products. Compute the mean absolute deviation (MAD), the mean squared error (MSE), the bias, and the mean average percent error (MAPE).

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Managing Supply Chain and Operations An Integrative Approach

ISBN: 978-0132832403

1st edition

Authors: Thomas Foster, Scott E. Sampson, Cynthia Wallin, Scott W Webb

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Question Posted: Nov 28, 2015 07:04 AM

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A company has the following actual (a t) and forecast (F t) values for one of its

Question:

Period tFt 468 49:3 434 510 450 532 4 480 469 447 506 483 484 485 465 473 469

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Period At 1 2 3 4 5 6 7 8 468 434 450 480 447 483 485 473 Period ...View the full answer

Managing Supply Chain and Operations An Integrative Approach

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