Question: The following table summarizes the five error terms CFE, MAD, MSE, and MAPE, and Tracking signal for three different forecasting techniques: simple moving average, weighted

The following table summarizes the five error

The following table summarizes the five error

The following table summarizes the five error terms CFE, MAD, MSE, and MAPE, and Tracking signal for three different forecasting techniques: simple moving average, weighted moving average, and exponential smoothing. Which one of these three techniques is the best fit for the data and generate more accurate forecasted demand? Bias (CFE) MAD MSE MAPE Tracking Signal -4430 521.46 409066.2 5.39 -8.46 Simple moving average Weighted moving average Exponential smoothing +3078 731.09 924382.9 7.43 -3.9 +1987 889.98 1167679.9 8.67 1.37 None of these options Weighted moving average Exponential smoothing Simple moving average Competitive advantage is defined as the advantage a company has over its rivals in attracting customers and defending against competitors. True False

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