Question: Error Absolute Forecast Error (0.50) Error Absolute Error 5 5 5 14 Actual Forecast Quarter Tonnage (0.10) Unloaded 1 180 175 2 190 176 3

Error Absolute Forecast Error (0.50) Error

Error Absolute Forecast Error (0.50) Error Absolute Error 5 5 5 14 Actual Forecast Quarter Tonnage (0.10) Unloaded 1 180 175 2 190 176 3 175 177 4 150 177 5 ME4 = MAD4 = 5 14 2 27 12 -9 -2 -27 175 178 184 180 165 ME4 = MAD4 = 12 B 30 A D -5.5 12.0 14.0 Calculate the value for A. Choose... Calculate the value for B. Choose... C represents the forecast value for the 5th period using an alpha 0.10. Without having to do any calculations, would you say that the forecast will increase or decrease when compared to the forecast of period 4? Choose... What is the ME for alpha = 0.10? Choose... What is the MAD for alpha = 0.5. Choose... Which model tends to underestimate the actual demand? Choose

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