Please assist me with this question. c. Prepare a naive forecast for periods 2 through 11 using the given sales data. Compute each of the following; (1) MSE, (2) MAD, (3)tracking signal at month 10, and (4) 2s control limits. (Negative values should be indicated by a minus sign. Round your answers to 2decimal places.)MSEMADTracking signalControl limits0 ±: Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months.The forecasts and actual sales are as follows:Month12345678009010Forecast 1Forecast 2Sales835850845825795850815835840830Forecast 1820790795815800775785770800795MAPE F1MAPE F2a. Compute the MSE and MAD for each forecast. (Round your answers to 2 decimal places.)MSEForecast 2765795830%%815790791815770805810MADb. Compute MAPE for each forecast. (Round your intermediate calculations to 5 decimal places and final answers to 4 decimalplaces.)

Formulae used: For Error = Actual Sales – Forecast For Abs = Absolute value of | Actual Sales –…

c. Prepare a naive forecast for periods 2 through 11 using the given sales data. Compute each of the following; (1) MSE, (2) MAD, (3) tracking signal at month 10, and (4) 2s control limits. (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) MSE MAD Tracking signal Control limits 0+

c. Prepare a naive forecast for periods 2 through 11 using the given sales data. Compute each of the following; (1) MSE, (2) MAD, (3) tracking signal at month 10, and (4) 2s control limits. (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) MSE MAD Tracking signal Control limits 0+

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

Please assist me with this question.

c. Prepare a naive forecast for periods 2 through 11 using the given sales data. Compute each of the following; (1) MSE, (2) MAD, (3)
tracking signal at month 10, and (4) 2s control limits. (Negative values should be indicated by a minus sign. Round your answers to 2
decimal places.)
MSE
MAD
Tracking signal
Control limits
0 ±:

Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months.
The forecasts and actual sales are as follows:
Month
1
2
3
4
5
6
7
8
0090
10
Forecast 1
Forecast 2
Sales
835
850
845
825
795
850
815
835
840
830
Forecast 1
820
790
795
815
800
775
785
770
800
795
MAPE F1
MAPE F2
a. Compute the MSE and MAD for each forecast. (Round your answers to 2 decimal places.)
MSE
Forecast 2
765
795
830
%
%
815
790
791
815
770
805
810
MAD
b. Compute MAPE for each forecast. (Round your intermediate calculations to 5 decimal places and final answers to 4 decimal
places.)

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