Question: It appears that you have a forecasting assignment utilizing the Excel UnitedDairies dataset. You will have to use a variety of forecasting techniques and calculate
It appears that you have a forecasting assignment utilizing the Excel "UnitedDairies" dataset. You will have to use a variety of forecasting techniques and calculate the Mean Absolute Error MAE and Mean Absolute Percentage Error MAPE to gauge how accurate your predictions are. Here's how to handle this work in Excel stepbystep:
Open MS Excel after logging up with your student email.
The "UnitedDairies" dataset should load.
Utilize weeks through s sales data that is supplied.
From the list of available forecasting techniques, select two: nave average of previous values, moving average with k or exponential smoothing.
Make projections for each of the weeks utilizing the chosen techniques.
Calculate the mean absolute difference MAE between the predicted and actual values for every forecasting method.
Use the formula:
where Fi is the forecasted value and Ai is the actual value.
Explanation:
Use the formula:
where Fi is the forecasted value and Ai is the actual valu
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