Question
=48.49%/4 =12.12% c) we get the MAD for the management technique as 14.5,naive method gives 12.25 only. also for MAPE are 15.29% and 12.12%. thus
=48.49%/4
=12.12%
c)
we get the MAD for the management technique as 14.5,naive method gives 12.25 only. also for MAPE are 15.29% and 12.12%. thus we can say that the percentage (%) errors are very less in the nave method than the forecasting method.
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
