Question: iv. Which method is the most appropriate method to use for demand forecasting based on the error measures given in the TABLE 3? (3 points)

iv. Which method is the most appropriate method

iv. Which method is the most appropriate method to use for demand forecasting based on the error measures given in the TABLE 3? (3 points) a) Averaging method b) Last value method c) Moving average method d) Exponential smoothing method 5 TABLE 3 MAD MSE MAPE LAD 39.61 1887.96 0.04 75.25 34.79 1882.51 0.05 71.04 Method Averaging method Last value method Moving average method Exponential smoothing method 40.14 1891.02 0.03 79.91 41.12 1990.94 0.09 80.81

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