Compute the forecast errors for months 2 to 6 and then calculate the MAD and Mean Absolute Percentage Error (MAPE) for those months for each of the two sets of forecasts Which value seems to be more appropriate for this method Month Sales Demand 1 1443 2 1358 3 1342 4 1298 5 1277 6 1183 When 0 5, the MAD of forecast errors for months 2 to 6 is When 0 5, the MAPE of forecast errors for months 2 to 6 is When 0 7, the MAD is and the MAPE is

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Question: Compute the forecast errors for months 2 to 6 and then calculate the MAD and Mean Absolute Percentage Error (MAPE) for those months for each

Compute the forecast errors for months 2 to 6 and then calculate the MAD and Mean Absolute Percentage Error (MAPE) for those months for each of the two sets of forecasts. Which value seems to be more appropriate for this method?

Month	Sales / Demand
1	1443
2	1358
3	1342
4	1298
5	1277
6	1183

When =0.5, the MAD of forecast errors for months 2 to 6 is .

When =0.5, the MAPE of forecast errors for months 2 to 6 is %.

When =0.7, the MAD is and the MAPE is %.

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