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The following data represents the sales that has been sold year over year for Computers at our shop. Use the data to determine Mean forecast
The following data represents the sales that has been sold year over year for Computers at our shop. Use the data to determine Mean forecast error (MFEL, Mean squared forecast error (MFE), Mean absolute Error (MAE) and Mean Absolute Percent Error (MAPE). Do this for three forecasting types: 1. Native Method (Prior Week) 2. Average of Prior Weeks 3. 3 Year Moving Window **Conclude on which of the above was best for this data set. Also determine the forecast for week 16 for each of the three methods Week Value 1 2 3 4 5 6 7 8 $85,685 $109,568 $110,326 $150,059 $125,025 $180,503 $185,548 $190,570 $140,587 $175,568 $159,065 $201.504 $210,258 $217,508 $234,564 9 10 12 13 14 15 D) Focus The following data represents the sales that has been sold year over year for Computers at our shop. Use the data to determine Mean forecast error (MFEL, Mean squared forecast error (MFE), Mean absolute Error (MAE) and Mean Absolute Percent Error (MAPE). Do this for three forecasting types: 1. Native Method (Prior Week) 2. Average of Prior Weeks 3. 3 Year Moving Window **Conclude on which of the above was best for this data set. Also determine the forecast for week 16 for each of the three methods Week Value 1 2 3 4 5 6 7 8 $85,685 $109,568 $110,326 $150,059 $125,025 $180,503 $185,548 $190,570 $140,587 $175,568 $159,065 $201.504 $210,258 $217,508 $234,564 9 10 12 13 14 15 D) Focus
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