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.
- 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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