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) F1: 33, F2: 33.60, F3: 35.1... you calculated in part c), to the following alternative forecast result for Weeks 13 for the SCO3001 Company: F1=33,F2=33.4.F3=36.12
(i) Which result is a better forecast based on CFE?
Hint: For comparison based on CFE, we need to first calculate the CFE3(for Weeks 13) for
both of the forecasting results, then see which one is closer to 0.
(ii) Which result is a better forecast based on regular MAD
Hint: For comparison based on regular MAD, we need to first calculate the rMAD3(for Weeks 1
(iii) Which result is a better forecast based on smoothed MAD (with =1,=0.3)
3) for both of the forecasting results, then see which one is closer to 0.
Hint: For comparison based on smoothed MAD, we need to first calculate the smoothed MAD3(for Weeks 13) for both of the forecasting results, then see which one is closer to 0.
To calculate sMAD3 for any one of the forecasts, we have =||+
333
(1)2. We already know the values of ,3,3,(1), so we need to first
figure out the 2 value for the calculation.
Again based on the formulation, 2=|22|+(1)1. We already
know the values of ,2,2,(1), so we nee

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