Question: 5-The forecasts generated by 2 forecasting methods are as follows: Month Jan Feb Mar Apr May Jun Forecast #1 275 275 290 283 275 268

5-The forecasts generated by 2 forecasting methods are as follows: Month Jan Feb Mar Apr May Jun Forecast #1 275 275 290 283 275 268 Forecast #2 268 287 292 283 274 270 And the actual sales for the Company were: Month Jan Feb Mar Apr May Jun Actual Sales 269 289 294 278 268 269 Calculate the Mean Absolute Deviation (MAD) for each forecast. Forecast 1-10 Points Forecast 2-10 Points

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

The forecasts generated by two forecasting methods and the actual sales are as follows: Month Sales Forecast 1 Forecast 2 1 269 275 268 2 289 266 287 3 294 290 292 4 278 284 298 5 268 270 274 6 269...

Question 5 The forecasts generated by two forecasting methods and the actual sales are as follows: Month Sales Forecast 1 Forecast 2 1 269 275 268 2 289 266 287 3 294 290 292 4 278 284 298 5 268 270...

Information for Questions 1-2: The Instant paper Clip Company sells and delivers office supplies to various companies, schools, and agencies within a 30-mile radius of its warehouse. The office...

A partial payment is made on the date indicated. Use the United States rule to determine the balance due on the note at the date of maturity. (The Effective Date is the date the note was written.)...

Days in Each Month Day of 31 28 31 30 31 30 31 31 30 31 30 31 Month Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Day 1 1 1 32 60 91 121 152 182 213 244 274 305 335 Day 2 2 33 61 92 122...

Forecast Analysis I computed the monthly forecast for February through December of year t using the nave method, a three-month moving average, a five month moving average, and a three-month weighted...

4 Monthly sales for the RUOK Company for the last 6 months are as follows: Compute the sales forecast for July using the following approaches: Month Units January 18,000 February 22,000 March 16,000...

The forecasts generated by 2 forecasting methods and actual sales are as follows: Month Actual Forecast 1 Forecast 2 1 269 275 268 2 289 266 287 3 294 290 292 4 278 284 298 5 268 270 274 6 269 268...

The forecasts generated by two forecasting methods and actual sales are as follows: MONTH SALES FORECAST 1 FORECAST 2 1 269 275 268 2 289 266 287 3 294 290 292 4 278 284 298 5 268 270 274 6 269 268...

A random sample of 25 students taken from a university gave the variance of their GPAs equal to .19. a. Construct the 99% confidence intervals for the population variance and standard deviation....

A vertical capillary with inside diameter 0.50 mm is submerged into water so that the length of its part protruding over the water surface is equal to h = 25 mm. Find the curvature radius of the...

Question 6 3 of 8 5 . Nia is a new sole proprietor. She started her business on March 1 , 2 0 2 3 . By January 3 1 , 2 0 2 4 , she needs to issue which document to any independent contractors to whom...

Read the articles on journaling and review the template provided. Identify what approach, to journaling, in the articles you found useful and why. Post to the discussion forum that you have reviewed...