Question
Forecast Demand and calculate MAD & MSE for the different methods using EXCEL In table: The last 12 months of actual demand and forecasted. using
Forecast Demand and calculate MAD & MSE for the different methods using EXCEL
In table: The last 12 months of actual demand and forecasted.
using EXCEL
Calculate MAD & MSE for the already existing numbers.
-> and Use moving average of 4 periods, what is your estimate in demand for June and July?
You want to try a different method to forecast June & July, so you use a more advanced forecasting method: linear regression. What is the forecast now?
Using the two different forcasting methods you just did, calculate the MSE for the Moving average and the linear regression.
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