Question: A specific forecasting model was used to forecast the demand for a product. the forecasts and the corresponding demand that subsequently occurred are shown below.

A specific forecasting model was used to forecast the demand for a product. the forecasts and the corresponding demand that subsequently occurred are shown below. Use the MAD and MAPE to evaluate the accuracy
specific forecasting model was used to forecast demand for a product. The forecasts and the corresponding demand that subsequently occurred are shown as follows. Use the MAD and MAPE to evaluate the accuracy of the forecasting model. Months October November December January February March Actual 700 760 780 790 850 950 Forecast 660 840 750 835 910 890Step by Step Solution
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