Forecasting

Specify the mean average deviation (MAD) and mean absolute percent error (MAPE).

Please show work if possible!

A corvenience store recently started to carry a new brand of sott drink. Management is interested in estimating future sales volume to determine whether it should continue to carry the new brand or replace 7 with ancther brand. The following table provides the number of cans sold per woek. Use both the trend projection with regression and the exponentiat smoothing (let =0.4 with an initial forecast for week 1 of 571 ) methods to forecast demand for weok 13 Compare these methods by using the mean absolute deviation and mean absolute percent error performance chicria. 0 oes your analysis suggest that sales are trending and il so, by how much? (i) Obtain the tiend projection with regression forecast. The forecast for week 13 is 766 . Enter your reoponse rounded to the nearest whole number) Specify the mean absolute deviation (MAD) and mean absolute percent error (MAPE). (Enter your responses roundid to Avo deornal plivels)