Question: Following are two weekly forecasts made by two different methods for the number of units for an electronic device product. Also shown are actual demand

Following are two weekly forecasts made by two different methods for the number of units for an electronic device product. Also shown are actual demand levels Forecasts

Calculate the error of each forecast method by using the Mean Absolute Deviation (MAD) and which forecast method should the company select for proper planning?

Please write your answers ( Hand written ) and provide one sample of each calculation you perform.

Forecasts Week Actual Demand Method 1 Method 2 1 70 90 80 2 100 115 120 3 100 95 90 st 100 120 111

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