Two different forecasting models were used to forecast sales of a popular soda on a college campus.

Question:

Two different forecasting models were used to forecast sales of a popular soda on a college campus. Actual demand and the two sets of forecasts are shown. Use MAD to explain which method provided a better forecast.

Period Actual Demand Forecast 1 Forecast 2 1 90 78 87 2 87 85 88 3 92 84 90 4 95 92 97 5 98 100 102 6 98 102 101

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: