Question: Month Demand Forecast 1 Forecast 2 1 7 7 0 7 7 1 7 6 9 2 7 8 9 7 8 5 7 8

Month Demand Forecast 1 Forecast 2
1770771769
2789785787
3794790792
4780784798
5768770774
6772768770
7760761759
8775771775
9786784788
10790788788
a. Calculate the MSE, MAD, and MAPE for each forecast. (Round the MAPE answers to 2 decimal places and other answers to 1 decimal place.)
MAD
MSE
MAPE %%
b-1. Do all three measures of forecast errors provide the same conclusion (i.e., are they consistent) in this case?
b-2. Do you expect consistent results in every case?
will have a lower MAD and MAPE than .
c. Calculate 2S control limits for each forecast and determine if each forecasting process is in control. (Round the final answers to 2 decimal places.)
F10\pm
F20\pm

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