Two different forecasting models were used to forecast sales of a popular soda on a college campus.
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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
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Related Book For
Operations Management An Integrated Approach
ISBN: 9781119905523
8th Edition
Authors: R. Dan Reid; Nada R. Sanders
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