Question: A simple forecasting method for weekly sales of flash drives used by a local computer dealer is to form the average of the two most
A simple forecasting method for weekly sales of flash drives used by a local computer dealer is to form the average of the two most recent sales figures. Suppose sales for the drives for the past weeks were
tableWeek:Sales:
a Determine the onestepahead forecasts made for periods through using this method.
Determine the forecast errors for these periods.
c Compute the MAD, the MSE, and the MAPE based on the forecast errors computed in part
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