Question: 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
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 used techniques better than the Naive forecasting. Please the steps.
| Period | Demand | Forecasted |
| 1 | 90 | 98 |
| 2 | 85 | 87 |
| 3 | 91 | 95 |
| 4 | 92 | 67 |
| 5 | 95 | 88 |
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