Please calculate for a b and dnbsp nbsp nbsp nbsp nbsp nbsp, Ask an Expert

Management Studies

Please, calculate for A, B and D.

Predicted Demand

Period Demand F1 F2

1 68 62 64

2 75 65 68

3 70 74 70

4 74 71 69

5 69 72 75

6 72 70 78

7 80 73 75

8 78 73 84

a. Compare the accuracy of Forecast 1 and Forecast 2 by calculating the Mean Absolute Deviation for each one. Which is more accurate? (Round your answers to 2 decimal places.)

MAD F1

MAD F2

b. Compare the accuracy of Forecast 1 and Forecast 2 by calculating the Mean Squared Error for each one. Which is more accurate? (Round your answers to 2 decimal places.)

MSE A

MSE B

d. Compare the accuracy of Forecast 1 and Forecast 2 by calculating the Mean Absolute Percent Error for each one. Which is more accurate? (Round your intermediate calculations to 2 decimal places and final answers to 2 decimal places.)

MAPE F1

MAPE F2

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92498498

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