Question: a . Calculate the manager s forecast error for each month. Answer what is the error of May? b . What is the mean error
a Calculate the managers forecast error for each month. Answer what is the error of May?
b What is the mean error ME
c What is the mean squared error MSE
d What is the mean absolute deviation MAD
e What is the tracking signal for these five months of forecasting?
f If the manager had used a month moving average instead of her technique, what would have been her forecast for July?
g If the manager had used simple exponential smoothing with alpha instead of her technique, what would the forecast for August be assuming that simple exponential smoothing had produced a perfectly accurate forecast in March?
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