Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 8 Ten months of data and the forecasts for those same periods are in the table below. Use these data for the remaining questions

Question 8 Ten months of data and the forecasts for those same periods are in the table below. Use these data for the remaining questions in this assignment. Month Actual Forecast January 4247 February 5850 March 5858 April 7782 May 9184 June 102108 July 124113 August 148160 September 171155 October 177174 What is the CFE for January through October? |To find the CFE: 1. Find the error in each period (Et = Dt - Ft)2. Find CFE as the sum of the errors Hint: Your answer should be somewhere between 15 and 20.Question 11 What is the MAPE for January through October? Enter your answer as a number between 0 and 1(e.g., enter 0.500 for 50%, etc.), use at least 3 decimal places of precision.Hint: you should get a number between 0.05 and 0.10

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

Students also viewed these General Management questions