Question: PLEASE USE EXCEL TO Solve the question below. ONLY SOLVE this problem IF YOU CAN show the steps you used in excel and the excel

PLEASE USE EXCEL TO Solve the question below. ONLY SOLVE this problem IF YOU CAN show the steps you used in excel and the excel formulas used.

PLEASE USE EXCEL TO Solve the question below.

e) Make sure to calculate the 2 measures of forecasting accuracy listed below for periods 4-12. Which forecasting method is best? Please give your reasoning; .

-i) MAPE (Mean Absolute Percent Error)

ii) MAD (Mean Absolute Deviation)

15. Your manager is trying to determine what forecasting method to use. Based upon the following historical data, calculate the following forecast and specify what procedure you would utilize. ACTUAL MONTH DEMAND ACTUAL MONTH DEMAND - 15. Your manager is trying to determine what forecasting method to use. Based upon the following historical data, calculate the following forecast and specify what procedure you would utilize. ACTUAL MONTH DEMAND ACTUAL MONTH DEMAND

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