Question: please solve this supply chain question Previous Page Next Page Page 17 of 19 Question 17 (14 points) A forecaster is assessing two different models

please solve this supply chain question

Previous Page Next Page Page 17 of 19 Question 17 (14 points) A forecaster is assessing two different models for demand. The output from each model and the actual demand data appear in the table. Demand Model 1 Model 2 52 55.0 51.0 52 54.7 51.9 60 54.4 56.0 56 5 5.0 57.2 5855. 1 57.3 a. Use MFE and MAD to compare the two models. Write down MFE and MAD values for both of the two models (5 pts) b. What does MFE measure, what is it an indicator of? Please explain in detail. (3 pts) c. What does MAD measure, what is it an indicator of? Please explain in detail. (3 pts) d. Which model does a better job of forecasting? (3 pts) D OC - Paragraph B IU

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