Question: Next, we compare your forecasting results from part ( c ) F 1 : 3 3 , F 2 : 3 3 . 6 0
Next, we compare your forecasting results from part c F: F: F: you calculated in part c to the following alternative forecast result for Weeks for the SCO Company: FFF
i Which result is a better forecast based on CFE?
Hint: For comparison based on CFE, we need to first calculate the CFEfor Weeks for
both of the forecasting results, then see which one is closer to
ii Which result is a better forecast based on regular MAD
Hint: For comparison based on regular MAD, we need to first calculate the rMADfor Weeks
iii Which result is a better forecast based on smoothed MAD with
for both of the forecasting results, then see which one is closer to
Hint: For comparison based on smoothed MAD, we need to first calculate the smoothed MADfor Weeks for both of the forecasting results, then see which one is closer to
To calculate sMAD for any one of the forecasts, we have
We already know the values of so we need to first
figure out the value for the calculation.
Again based on the formulation, We already
know the values of so we nee
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