Question: Complete the forecasting error able giving the data provided. Based on the size of the data and error, how would you use these error calculations?

  1. Complete the forecasting error able giving the data provided. Based on the size of the data and error, how would you use these error calculations? Why?

Period

Actual (A)

Forecast (F)

Error (A-F)

lErrorl (linear)

Error 2

(lErrorl)/Actual) x 100

1

250

245

2

230

233

3

253

250

4

260

258

5

222

227

6

220

224

MAD

MSE

MAPE

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