Question: A Manager uses moving average and exponential smoothing forecasting method to make the forecast of the sales during last three months. The information is below:
A Manager uses moving average and exponential smoothing forecasting method to make the forecast of the sales during last three months. The information is below:
tableMonthActual Sales,Eorecast Using Moving Average Method,Eorecast Using Regression Method
a Calculate the Mean Absolute Deviation MAD using Moving Average Method and Regression Method. Pointsb Calculate the Mean Squared Error MSE using Moving Average Method and Regression Method. Points
c Calculate the Mean Absolute Percent EmorMAPE using Moving Average Method and Regression Method. Points
d Based on your answer in Part ab and c which forecasting method Moving Average Method and Regression Method should use in this problem? And please explain your reason. Points
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
