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The company management is considering the performance of two forecasting methods proposed by the demand analyst team ( Method A and Method B ) .
The company management is considering the performance of two forecasting methods proposed by the demand analyst team Method A and Method B The table below shows the actual demand data and the forecasting results given by both methods.
Period Demand Forecasting Result unit
Actual unit Method A Method B
a Compare the performance of forecasting methods A and B using the criteria that you think are appropriate. Explain your answer, especially on the aspects of criteria selection and comparison results.
b Propose a time series forecasting method along with its parameters that can provide better performance than methods A and B Use the same performance evaluation criteria that you chose in a
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