Question: 1.The Fresh Connection has been reviewing different forecasting techniques for predicting weekly demand for their products. The following table lists the forecasting technique and its
1.The Fresh Connection has been reviewing different forecasting techniques for predicting weekly demand for their products. The following table lists the forecasting technique and its corresponding Mean Absolute Devlation (MAD). Based on the table which forecasting technique should be used?
Forecasting Technique
MAD
Exponential smoothing
69,500
Moving Average
46,025
Naive
53,875
Regression analysis
70,125
a.Exponential smoothing
b.Regression analysis
c.Nave
d.Moving average
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