Question: Based on the data given in the above table find out which forecasting technique between 2 periods Moving Average and Nave Forecasting technique is better

Based on the data given in the above table find

Based on the data given in the above table find out which forecasting technique between 2 periods Moving Average and Nave Forecasting technique is better by doing the error calculations with the help of MAD, MSE, MAPE.

Period Demand 2 period Moving Average (Demand forecast) 73 78 Nave Forecasting technique (Demand forecast) ** ** 70 74 80 77 75 ** January February March April May ** ** ** **

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