Question: A manager has been using a certain technique to forecast demand for wireless products for the past 6 periods. Actual and predicted amounts are shown
A manager has been using a certain technique to forecast demand for wireless products for the
past periods. Actual and predicted amounts are shown below. Would a nave forecast have
produced better results?
a Compute the MAD and MSE for each forecast, does either method seem superior? Explain.
b Given results would it be worth using another forecasting method to improve accuracy?
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