Question: 1 ) Using the Product Forecasting Information that has been provided from FY 2 0 2 0 through FY 2 0 2 3 ( four
Using the Product Forecasting Information that has been provided from FY through FY
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 KPIs weve learned in this course
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