Question

The following table gives the actual sales data and the 3-month moving average forecast. Calculate MAD,...

The following table gives the actual sales data and the 3-month moving average forecast. Calculate MAD, MSE, and MAPE for the forecast. Week Sales (cases) 3 week Moving average

1 22

2 24

3 29

4 31

5 19

6 30

Homework Answers

Answer #1

Mean absolute error = Mean of absolute errors = 6.222

MSE = Mean of squared errors = 43.481

MAPE = Mean of absolute percentage error = 26.315

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