Question: ( 3 0 points ) The data on sheet Q 1 provides information on the demand for a product over a period of 9 0
points The data on sheet Q provides information on the demand for a product over a period of days. Use this data to evaluate the following forecasting models:
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For all the models, assume that the Forecast without trend for day is the same as the actual demand units and the value of trend for day is
Compute the Mean Absolute Percent Error for all six models and provide the information in the table below:
Model MAPE
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Based on your results above:
Which model would you choose to predict this data? Provide a brief explanation for your choice.
Using the model that you chose as your best model from part a what is your forecast for day
Would you consider the data to have no trend, weak trend, medium trend, or strong trend? Provide an explanation for your answer.
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