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The following time series shows the sales of a particular product over the past 1 2 months. Use the Na ve forecast method to get
The following time series shows the sales of a particular product over the past months.
Use the Nave forecast method to get the forecasts for Month Calculate the MAE, MSE, and MAPE.
Details are required. Please print the paper sheet and have all your calculations on the paper sheet No Excel working sheet is accepted here
Month Sales
b Use the month moving average forecast method to get the forecasts for Month Calculate the MAE, MSE, and MAPE.
Month Sales
c Which approach do you think is better? Why?
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