$1)$ Using the Product Forecasting Information that has been provided from FY$2020$ through FY$2023$

$($four years$),$ calculate the measures of forecast accuracy $($MFE$,$ MAD, and MAPE$)$ for the Weighted

Moving Average $($MA$)$ and the Exponential Smoothing $($EXP$)$ approaches to forecasting.

a$)$ What are the values of MFE, MAD, and MAPE for each of these two approaches to

forecasting $($MA and EXP$)?$ Which of the approaches is more accurate?

b$)$ Do these forecasts seem sufficient for the purposes of decision making? Please support

your judgement with the available information $/$ KPI$$s we$$ve learned in this course

Note: Unlike your homework$/$exams where we utilized multiple months, this is just for the four

years $($treat them like months$).$

$2)$ Develop forecasts for FY$2024$ using the two forecasting methods currently employed by Throx.

a$)$ What are the forecast values that you calculated for each? Please be sure to show

work.

Updated $12/2/20249$:$26$ PM

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b$)$ Would you recommend using one of these forecasts, or would you propose another

forecasting approach? If so$,$ what would that be$?$ Please provide your rationale for your

recommendation.