Question: FC.62 Mitchell's Mills is a startup looking to break into the preparedness market with a revolutionary new wheat grinder called the WG1. Since Mitchell's is
FC.62 Mitchell's Mills is a startup looking to break into the preparedness market with a revolutionary new wheat grinder called the WG1. Since Mitchell's is a new company they do not have any historical data for sales of its flagship product, but they estimate they will be able to sell 499 in the month of April. The table below contains actual sales data for April and each of the succeeding five months (through September):
| Month | WG1s Sold | Forecast |
|---|---|---|
| Apr | 470 | 499 |
| May | 397 | |
| Jun | 473 | |
| Jul | 464 | |
| Aug | 449 | |
| Sep | 440 |
What is the MAD for this forecast (based on six months of forecastsApril through September)? (Display your answer to two decimal places.)
What is the MAPE for this forecast (based on six months of forecastsApril through September)? (Write your answer as a percentage, and display your answer to two decimal places.) %
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