=48.49%/4 =12.12% c) we get the MAD for the management technique as 14.5,naive method gives 12.25 only.
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=48.49%/4
=12.12%
c)
we get the MAD for the management technique as 14.5,naive method gives 12.25 only. also for MAPE are 15.29% and 12.12%. thus we can say that the percentage (%) errors are very less in the nave method than the forecasting method.
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