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Consider the following forecast results. Calculate MFE, MAD, and MAPE, using the data for the months January through June. Does the forecast model under or
Consider the following forecast results. Calculate MFE, MAD, and MAPE, using the data for the months January through June. Does the forecast model under or overforecast? Month Forecast 1,061 January February March April May June Actual Demand 1,033 992 997 1,085 1,082 1,018 1,049 888 1,015 1.145 1,089 The MFE S 1. (Enter your response munded to one decimal place and include a minus sign if necessary) The MAD is 1 (Enter your response rounded to one decimal place) The MAPE is % (Enter your response rounded to one decimal place) The forecast model Please copy and paste data from text area below. Selected delimiter: Tab Forecast 1,049 Month Actual Demand January 1,033 1,061 February 992 March 997 888 April 1,085 1,015 May 1,082 1,145 June 1,018 1,089 Done Consider the following forecast results. Calculate MFE, MAD, and MAPE, using the data for the months January through June. Does the forecast model under or overforecast? Month Forecast 1,061 January February March April May June Actual Demand 1,033 992 997 1,085 1,082 1,018 1,049 888 1,015 1.145 1,089 The MFE S 1. (Enter your response munded to one decimal place and include a minus sign if necessary) The MAD is 1 (Enter your response rounded to one decimal place) The MAPE is % (Enter your response rounded to one decimal place) The forecast model Please copy and paste data from text area below. Selected delimiter: Tab Forecast 1,049 Month Actual Demand January 1,033 1,061 February 992 March 997 888 April 1,085 1,015 May 1,082 1,145 June 1,018 1,089 Done
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