Sales of vegetable dehydrators at Bud Baniss discount department store in Gander over the past year are
Question:
a) Compute MAD and MAPE for managements technique.
b) Do managements results outperform (i.e., have smaller MAD and MAPE than) a naive forecast?
c) Which forecast do you recommend, based on lower forecast error?
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Related Book For
Operations Management Sustainability and Supply Chain Management
ISBN: 978-0133764345
2nd Canadian edition
Authors: Jay Heizer, Barry Render, Paul Griffin
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