1) (7 points) Predict demand in month 11 by comparing the four forecasting methods (Nave, MA(2), ES and LR)) Fill in the forecasts and MADs in the table below Round answers to the nearest integer Month Dem 1 360 2 450 3 400 4 380 5 400 6 410 7 440 8 480 9 530 10 500 11 Method FC MAD Naive MA(2) ES LR What is the best forecast according to MAD Calculate the slope of the LR line and interpret it Calculate the coefficient of correlation r of the LR line and interpret it

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Question: 1) (7 points) Predict demand in month 11 by comparing the four forecasting methods (Nave, MA(2), ES and LR)). Fill in the forecasts and MADs

1) (7 points) Predict demand in month 11 by comparing the four forecasting methods (Nave, MA(2), ES and LR)). Fill in the forecasts and MADs in the table below. Round answers to the nearest integer.

Month	Dem
1	360
2	450
3	400
4	380
5	400
6	410
7	440
8	480
9	530
10	500
11

Method	FC	MAD
Naive
MA(2)
ES
LR

What is the best forecast according to MAD?

Calculate the slope of the LR line and interpret it.

Calculate the coefficient of correlation r of the LR line and interpret it.

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