Question: Calculate MAD, MSE, MAPLE, and Control Chart using the numbers above. Show step by step and also the charts. The manager of a large manufacturer

Calculate MAD, MSE, MAPLE, and Control Chart using the numbers above.

Show step by step and also the charts.

The manager of a large manufacturer of industrial pumps must choose between two alternative forecasting techniques to forecast the demand for its top-selling pump. Both techniques have been used to prepare forecasts for a six-month period. Using MAD as a criterion, which technique produces more accurate forecasts

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