Question: 8. A manager has been using a certain forecasting technique to forecast demand for word processing units for the past ten periods. Actual and forecasted
8. A manager has been using a certain forecasting technique to forecast demand for word processing units for the past ten periods. Actual and forecasted amounts are shown below. He had difficulties in identifying whether this technique is better than the second moving average. Find the MAD for the manager's forecasting technique. Period Demand The manager's forecast 1 90 95 85 88 91 93 4 92 67 A. 8.00 B. 8.25 C. 8.50 D. 8.75 E. 9.00 9. Using question 8. Find the MAD for the second moving average technique. A. 3.00 B. 3.25 C. 3.50 D. 3.75 E. 4.00 Choose the correct answer for each question (1 Point each) 10. Using questions 8 and manager's forecasting and the second moving average. Which is the best forecasting technique of both for the A. the manager's forecasting technique B. the MA-2 technique C. none of the two technique D. both of the two technique E. The Nave forecast technique 2 3
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