Question: Question I am having problems with - Consider monthly demand for ABC Corporation, as shown in Table 7.3. Forecast the monthly demand for Year 6

Question I am having problems with - Consider monthly demand for ABC Corporation, as shown in Table 7.3. Forecast the monthly demand for Year 6 using the static method for forecasting. Evaluate the bias, TS, MAD, MAPE and MSE. Evaluate the quality of the forecast. I am having major problems understanding a forecasting problem; it is on Chegg Chapter 7, Problem 1E but I need step by step help in how to determine Year 6 as well as the others- I would appreciate any help someone could give me. Thank you

Question I am having problems with - Consider

MAD MAP and MSE W ABC Corp TABLE4 Month Demand for ABC Corporation Year 1 Year 2 Year) Year 4 Years 40002 000 2.000 .000 2 3.000 000 5000 7.000 6,000 10 000 12.000 14.000 3.000 000 000 5.000 000 000 3.000 8,000 12.000 12.000 16000 10.000 9.000 1000 000 3.000 4 000 000 7 000 ,000 15.000 15.000 15.000 .000 98.000 000 2.000 5.000 7000 10,000 14,000 16.000 16.000 20.000 12.000 115.000 5.000 8,000 10,000 2000 20.000 22.000 0 00 113000

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