Question
Given the forecast demand and actual demand for 10-foot fishing boats, compute the forecast error, MFE, MAD, MAPE, and TS accuracy measures. Year Actual Forecast
Given the forecast demand and actual demand for 10-foot fishing boats, compute the forecast error, MFE, MAD, MAPE, and TS accuracy measures.
| Year | Actual | Forecast | Forecast | MFE | MAD | MAPE | TS | |
| Demand | Demand | Error | ||||||
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| 1 | 71 | 78 |
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| 2 | 80 | 75 |
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| 3 | 101 | 83 |
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| 4 | 84 | 84 |
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| 5 | 60 | 88 |
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| 6 | 73 | 85 |
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
8th Edition
007322359X, 9780073223599
