Problemcampa uses three different methods to forecast, Ask an Expert

Management Studies

Problem:

C&A uses three different methods to forecast demand for its apple pies in the past 5 months.

Required:

Question 1) What can you conclude in evaluating the performance of these methods using MAD?

Month	Actual	Method A	Method B	Method C
1	150	90	100	100
2	100	125	145	120
3	90	95	105	112
4	75	82.5	91	103
5	80	77.5	77	92

i) A is the worst and C is the best
ii) A is the worst and B is the best
iii) B is the worst and C is the best
iv) B is the worst and A is the best
v) C is the worst and B is the best
vi) C is the worst and A is the best

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91167370

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