=+models can be tested against the actual demand data of last five weeks. Using MFE, MAD, and
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=+models can be tested against the actual demand data of last five weeks. Using MFE, MAD, and MAPE, assess the forecasting models to figure out which works better.
Forecast WEEK ACTUAL DEMAND MODEL 1 MODEL 2 1 70 75 72 2 73 74 70 3 69 76 73 4 74 74 69 5 66 75 74
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Related Book For
Introduction To Operations And Supply Chain Management
ISBN: 9781292291581
5th Global Edition
Authors: Cecil B. Bozarth, Robert B. Handfield
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