Question: Problem 3 - 2 2 ( Algo ) Two independent methods of forecasting based on judgment and experience have been prepared each month for the
Problem Algo
Two independent methods of forecasting based on judgment and experience have been prepared each month for the past months.
The forecasts and actual sales are as follows:
a Compute the MSE and MAD for each forecast.
Note: Round your answers to decimal places.
b Compute MAPE for each forecast.
Note: Round your intermediate calculations to decimal places and final answers to decimal places.
MAPE F
c Prepare a naive forecast for periods through using the given sales data. Compute each of the following;
MSE,
MAD,
Tracking signal at month and
control limits
Note: Negative values should be indicated by a minus sign. Round your answers to decimal places.
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