Question: Aztec Industries has developed a forecasting model that was used to forecast during a 10-month period. The forecasts and actual demand were as follows: Measure

Aztec Industries has developed a forecasting model that was used to forecast during a 10-month period. The forecasts and actual demand were as follows:

Measure the accuracy of the forecast by using MAD, MAPD, and cumulative error. Does the forecast method appear to beaccurate?

Month Actual Demand Forecast Demand 160 150 175 200 190 220 205 210 200 220 170 165 157 166 183 186 203 204 207 203 4 10

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