Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Measure the accuracy of the three -month moving average forecast by using MAPD. (Use table 3 from Excel). Table 3 ( 3-month moving average forecast)

Measure the accuracy of the three -month moving average forecast by using MAPD. (Use table 3 from Excel). Table 3 ( 3-month moving average forecast) # Month Demand Forecast abs(Dt-Ft) (Dt-Ft)2 1 March 120 2 April 110 3 May 150 4 June 130 126.667 3.333333 11.1111 5 July 160 130 30 900 6 August 165 146.667 18.33333 336.111 Sum Sum 51.66667 1247.22 Question 3 options: MAPD is 51.66/3*100%=172.2% MAPD is 51.66/835*100%=6.2% MAPD is 51.66/455*100%=11.36% MAPD is 51.66/6*100%=861%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Social Commerce Marketing, Technology And Management

Authors: Efraim Turban, Judy Strauss, Linda Lai

1st Edition

3319170287, 9783319170282

More Books

Students also viewed these General Management questions

Question

The data set of paving slab weights given in DS 6.1.7.

Answered: 1 week ago