Question: Forecast Refinement Problem. Assume that Cardinal Power Equipment (CPE) has created a simple moving average forecast solution to estimate future lawn tractor sales Assume that

Forecast Refinement Problem. Assume that Cardinal Power Equipment (CPE) has created a simple moving average forecast solution to estimate future lawn tractor sales Assume that the Initial MAPE for CPE's forecast solution has already been calculated to be 0.07. Using this MAPE value, conduct a forecast refinement that will reduce the error in the forecast solution given below. Make sure to show the final Refined MAD and MAPE calculations. Important Note: If your refined forecast MAPE solution is greater than the initial MAPE solution, you have not correctly calculated it. Month PE Actual Simple Refined Monthly Mov. Avg. Forecast | Error Sales Forecast Solution 445 427 411 March (1) April (2) May (3) June (4) July (5) August (6) 395 427 378 411 369 394 Show your calculations for the final refined MAD and MAPE values below. 1. Refined MAD = 2. Refined MAPE =

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