Question: Average percent error for Periods 1-5. Using linear regression either manually or in Excel, make a forecast for period 8 using trend projection. Calculate MSE,
- Average percent error for Periods 1-5.
Using linear regression either manually or in Excel, make a forecast for period 8 using trend projection. Calculate MSE, MAD and the tracking signal. How accurate is your forecast?
|
Period |
Actual Demand |
Forecast Demand |
| 1 | 48 | 52.69 |
| 2 | 45 | 48.97 |
| 3 | 47 | 45.82 |
| 4 | 45 | 46.76 |
| 5 | 40 | 45.36 |
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