Question: Two independent methods of forecasting based on judgment and experience have been p Two independent methods of forecasting based on judgment and experience have been
Two independent methods of forecasting based on judgment and experience have been p
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:repared 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.
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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