The Washington Company has the following actual (at ) and forecast (F t ) values for its

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The Washington Company has the following actual (at ) and forecast (F t ) values for its primary product. Compute the mean absolute deviation (MAD), the mean squared error (MSE), the bias, and the mean average percent error (MAPE).

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Managing Supply Chain and Operations An Integrative Approach

ISBN: 978-0132832403

1st edition

Authors: Thomas Foster, Scott E. Sampson, Cynthia Wallin, Scott W Webb

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Question Posted: Nov 28, 2015 07:04 AM

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The Washington Company has the following actual (at ) and forecast (F t ) values for its

Question:

Period at 2835 2900 2970 3090 2995 3100 2935 2860 2715 3160 2940 2870 2855 3280 2925 2760 2880 3050 10 2955 2940 2965 2790 12 2805 3030

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Period At 1 2 3 4 5 6 7 8 9 10 Ft 1829 2050 1901 1900 1814 1995 1887 2208 1896 1787 1814 2103 ...View the full answer

Managing Supply Chain and Operations An Integrative Approach

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