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,

  1. 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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