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Use the following information to answer questions 22-24 A manager has been using a certain technique to forecast demand for the number of moving vans
Use the following information to answer questions 22-24 A manager has been using a certain technique to forecast demand for the number of moving vans required for the past six periods. Actual and predicted amounts are shown below. Period Demand Forecast 1 90 87 2 85 88 3 91 87 4 92 89 5 95 90 6 88 92 What is MAD for the above data table? Question 22 Answer 3.40 2.70 3.70 4.70 What is the MSE in the above data table? Question 23 Answer 14 15 16 17 What is the MAPE for the above data table? Question 24 Answer 3.05% 5.05% 6.05% 4.05%
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