Problem 1 20 points Eagle Stores is a retailer of office supplies. The monthly retail demand for a product is provided below from January 2015 to October 2016. DEMAND DATA Year 2016 Month 2015 616 758 974 832 898 940 1126 964 880 January February March April May June July August September October November 1016 912 828 894 1032 988 1004 870 1056 850 1020 1010 December 969 g. Compute the MAD of the trend line method used in part (d). Use the forecasts from January 2016 to October 2016 to compute the MAD of the method. h. What is the interpretation of MAD? i. Explain clearly why it is important to compute and track forecast accuracy. Problem 1 20 points Eagle Stores is a retailer of office supplies. The monthly retail demand for a product is provided below from January 2015 to October 2016. DEMAND DATA Year 2016 Month 2015 616 758 974 832 898 940 1126 964 880 January February March April May June July August September October November 1016 912 828 894 1032 988 1004 870 1056 850 1020 1010 December 969 g. Compute the MAD of the trend line method used in part (d). Use the forecasts from January 2016 to October 2016 to compute the MAD of the method. h. What is the interpretation of MAD? i. Explain clearly why it is important to compute and track forecast accuracy