Question: ABC Inc is exploring two different forecasting methods. Below are the forecasts from each of the methods as well as the actuals. Month January February

ABC Inc is exploring two different forecasting methods. Below are the forecasts from each of the methods as well as the actuals.
Month
January February March April
Actual Method Method sales A B
10.513.5121515.7518
1514.2513.5151816.65
6 pts
a) Evaluate the results of b) Evaluate the results of c) Evaluate the results of d) Which method do you
3.Jones Inc. needs to make their options.
both methods using MAD (2 points) both methods using MSE (2 points)
both methods using MAPE (2 points) recommend? (1 point)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!