7. The Sun Devils Corporation is deciding which of two forecasting models to use. The forecasts for the two models and actual demand are provided below: MONTH 1 2 3 4 5 6 7 8 9 10 SALES 170 190 195 180 170 170 160 175 180 175 MODEL 1 FORECAST 175 165 190 185 170 165 160 170 185 170 MODEL 2 FORECAST 172 185 190 195 175 170 165 175 180 175 Compute the MAPE and RSFE for the two forecasting methods. Is RSFE a good fore- casting accuracy measure?
7. The Sun Devils Corporation is deciding which of two forecasting models to use. The forecasts for the two models and actual demand are provided below: MONTH 1 2 3 4 5 6 7 8 9 10 SALES 170 190 195 180 170 170 160 175 180 175 MODEL 1 FORECAST 175 165 190 185 170 165 160 170 185 170 MODEL 2 FORECAST 172 185 190 195 175 170 165 175 180 175 Compute the MAPE and RSFE for the two forecasting methods. Is RSFE a good fore- casting accuracy measure?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
please do not write by hand. please show the formulas that were used.

Transcribed Image Text:7. The Sun Devils Corporation is deciding which of two forecasting models to use. The
forecasts for the two models and actual demand are provided below:
MONTH
1
2
3
4
5
6
7
8
9
10
SALES
170
190
195
180
170
170
160
175
180
175
MODEL 1
FORECAST
175
165
190
185
170
165
160
170
185
170
MODEL 2
FORECAST
172
185
190
195
175
170
165
175
180
175
Compute the MAPE and RSFE for the two forecasting methods. Is RSFE a good fore-
casting accuracy measure?
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