Question: SEND TO THE EXPERT AND PLEASE SOLVE THIS PROBLEM WITH CORRECT ANSWERS STEP BY STEP: Two independent methods of forecasting based on judgment and experience
SEND TO THE EXPERT AND PLEASE SOLVE THIS PROBLEM WITH CORRECT ANSWERS STEP BY STEP:
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:
Month Sales Forecast Forecast
Compute the MSE and MAD for each forecast.
Compute MAPE for each forecast.
Prepare a naive forecast for periods
through using the given sales data. Compute each of the following;
MSE
MAD
Tracking signal at month
s control limits
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