Aztec Industries has developed a forecasting model that was used to forecast during a 10-month period. The
Question:
Aztec Industries has developed a forecasting model that was used to forecast during a 10-month period. The forecasts and actual demand were as follows:
Month Actual Demand Forecast Demand 1 160 170 2 150 165 3 175 157 4 200 166 5 190 183 6 220 186 7 205 203 8 210 204 9 200 207 10 220 203 Measure the accuracy of the forecast by using MAD, MAPD, and cumulative error. Does the forecast method appear to be accurate?
LO.1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
1+ Reviews
10+ Question Solved
Related Book For 
Question Posted:
