Question: Given the Image below, answer the following question. Forecast technique MAD MAPD (%) Exponential smoothing 3.14 10 Adjusted exponential smoothing 3 9 9 Linear Trend
Given the Image below, answer the following question. Forecast technique MAD MAPD (%) Exponential smoothing 3.14 10 Adjusted exponential smoothing 3 9 9 Linear Trend line 2.9 8.7 Moving averages 3.9 11.4 a. Which is the best technique b. Which metric would you prefer to choose to explain a person who has no background in forecasting. c. Which metric you would prefer to choose to explain a person who is familiar with forecasting.
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