Question: Given the following historical data, which do you think would be better to use? (Round answers to 2 decimal place, e.g. 15.25) Week Demand (lab
Given the following historical data, which do you think would be better to use? (Round answers to 2 decimal place, e.g. 15.25) Week Demand (lab requirements) 1 327 2 347 3 337 4 361 5 369 6 358 Forecasts using = 0.1, MAD enter the mean absolute deviation rounded to 2 decimal places Forecasts using = 0.7, MAD enter the mean absolute deviation rounded to 2 decimal places Using select a value provides a better historical fit based on the MAD criterion.
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