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Here are the actual tabulated demands for an item for a nine - month period ( January through September ) . Your supervisor wants to
Here are the actual tabulated demands for an item for a ninemonth period January through September Your supervisor wants to test two forecasting methods to see which method was better over this period.tableMONTHACTUALJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptember
a Forecast April through September using a threemonth moving average.
c Use MAD to decide which method produced the better forecast over the sixmonth period.
Please provide Excel formulas for solutions.
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