Question: PLEASE COMPLETE WORK IN EXCEL SPREADSHEET ONLY. SHOW ALL FORMULAS/FUNCTIONS TO SHOW ANSWERS AND EXPLAIN TO ME HOW YOU GOT THE ANSWER. DO NOT WRITE

PLEASE COMPLETE WORK IN EXCEL SPREADSHEET ONLY. SHOW ALL FORMULAS/FUNCTIONS TO SHOW ANSWERS AND EXPLAIN TO ME HOW YOU GOT THE ANSWER. DO NOT WRITE IT DOWN IN A PIECE OF PAPER ONLY EXCEL.

  1. The department manager using a combination of methods has forecast sales of toasters at a local department store. Calculate the MAD for the manager's forecast. Compare the manager's forecast against a naive forecast covering the same time period. Which is better?
Month Actual Manager's Abs. Error Naive Abs. Error
January 52
February 61
March 73
April 79
May 66
June 51
July 47 50
August 44 55
September 30 52
October 55 42
November 74 60
December 125 75

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