Consider the following forecast results. Calculate MFE, MAD, and MAPE, using the data for the months January through June. Does the forecast model under- or overforecast? The MFE is The MAD is The MAPE is Month January February March April May June The forecast model Actual Demand 1,011 956 999 1,063 1,116 971 Forecast 1,064 1,039 892 1,028 1,143 1,009 D (Enter your response rounded to one decimal place and include a minus sign if necessary.) (Enter your response rounded to one decimal place.) %. (Enter your response rounded to one decimal place.)
Consider the following forecast results. Calculate MFE, MAD, and MAPE, using the data for the months January through June. Does the forecast model under- or overforecast? The MFE is The MAD is The MAPE is Month January February March April May June The forecast model Actual Demand 1,011 956 999 1,063 1,116 971 Forecast 1,064 1,039 892 1,028 1,143 1,009 D (Enter your response rounded to one decimal place and include a minus sign if necessary.) (Enter your response rounded to one decimal place.) %. (Enter your response rounded to one decimal place.)
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 27P: The file P13_27.xlsx contains yearly data on the proportion of Americans under the age of 18 living...
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