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2-Month Moving Absol Actual Sales (# of Product X) Month Average Forecast - Sales (# of Product X) of Errors Jan/19 Feb/19 Mar/19 Apr/19 1,860 2,033 3,556 4,211 May/19 Jun/19 Jul/19 6,250 7,990 10,250 Aug/19 Sep/19 Oct/19 9,850 9,980 9,990 7,895 Νov/19 Dec/19 Jan/20 5,353 - Calculate the 2-month Moving Average Forecast for sales from March/2019 to Thao/2019 and enter them in the table above. -Calculate the Absolute Value of Error for every forecasted month, from March/2019 to oer/2020. Enter those values on the table above. - Calculate the Mean Absolute Deviation (MAD), the Mean Squared Error (MSE) and the weenDsolute Percent Error (MAPE) for the 2-month Moving Average Forecast you created for Product X from March/2019 to December/2020. b) - Frrate a table that shows the MAD, MSE and MAPE values you obtained for the Nalve

2-Month Moving Absol Actual Sales (# of Product X) Month Average Forecast - Sales (# of Product X) of Errors Jan/19 Feb/19 Mar/19 Apr/19 1,860 2,033 3,556 4,211 May/19 Jun/19 Jul/19 6,250 7,990 10,250 Aug/19 Sep/19 Oct/19 9,850 9,980 9,990 7,895 Νov/19 Dec/19 Jan/20 5,353 - Calculate the 2-month Moving Average Forecast for sales from March/2019 to Thao/2019 and enter them in the table above. -Calculate the Absolute Value of Error for every forecasted month, from March/2019 to oer/2020. Enter those values on the table above. - Calculate the Mean Absolute Deviation (MAD), the Mean Squared Error (MSE) and the weenDsolute Percent Error (MAPE) for the 2-month Moving Average Forecast you created for Product X from March/2019 to December/2020. b) - Frrate a table that shows the MAD, MSE and MAPE values you obtained for the Nalve

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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Page of 2 Actual Sales 2-Month Moving Absolute Value Мonth Average Forecast - Sales (# of Product X) of Errors (# of Product X) Jan/19 Feb/19 Mar/19 1,860 2,033 3,556 4,211 6,250 7,990 Apr/19 May/19 Jun/19 Jul/19 Aug/19 Sep/19 Oct/19 Nov/19 10,250 9,850 9,980 9,990 7,895 5,353 Dec/19 Jan/20 - Calculate the 2-month Moving Average Forecast for sales from March/2019 to /2019 and enter them in the table above. -Calculate the Absolute Value of Error for every forecasted month, from March/2019 to a) b) bnsber/2020. Enter those values on the table above. - Calculate the Mean Absolute Deviation (MAD), the Mean Squared Error (MSE) and the weanosolute Percent Error (MAPE) for the 2-month Moving Average Forecast you created for Product X from March/2019 to December/2020. d) - Create a table that shows the MAD, MSE and MAPE values you obtained for the Naive Forecast and for the 2-month Moving Average Forecast. Which method would you recommend and why? MacBook Air
Transcribed Image Text:Page of 2 Actual Sales 2-Month Moving Absolute Value Мonth Average Forecast - Sales (# of Product X) of Errors (# of Product X) Jan/19 Feb/19 Mar/19 1,860 2,033 3,556 4,211 6,250 7,990 Apr/19 May/19 Jun/19 Jul/19 Aug/19 Sep/19 Oct/19 Nov/19 10,250 9,850 9,980 9,990 7,895 5,353 Dec/19 Jan/20 - Calculate the 2-month Moving Average Forecast for sales from March/2019 to /2019 and enter them in the table above. -Calculate the Absolute Value of Error for every forecasted month, from March/2019 to a) b) bnsber/2020. Enter those values on the table above. - Calculate the Mean Absolute Deviation (MAD), the Mean Squared Error (MSE) and the weanosolute Percent Error (MAPE) for the 2-month Moving Average Forecast you created for Product X from March/2019 to December/2020. d) - Create a table that shows the MAD, MSE and MAPE values you obtained for the Naive Forecast and for the 2-month Moving Average Forecast. Which method would you recommend and why? MacBook Air
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