Month 1 2 3 4 5 6 7 8 9 10 Sales 835 Forecast 1 Forecast 2 MAPE F1 MAPE F2 845 850 820 785 840 815 840 785 800 MSE MAD Forecast 1. 835 830 840 790 815 785 770 835 MSE Tracking signal Control limits 805 785 a. Compute the MSE and MAD for each forecast. (Round your answers to 2 decimal places.) 869.44 1,250.67 Forecast 2 765 830 2.7519 % 3.4380 % MAD 0 t 815 830 b. Compute MAPE for each forecast. (Round your intermediate calculations to 5 decimal places and final answers to 4 decimal places.) 800 806 775 810 815 805 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.) -1.25 69.91 22.50 28.40

Month 1 2 3 4 5 6 7 8 9 10 Sales 835 Forecast 1 Forecast 2 MAPE F1 MAPE F2 845 850 820 785 840 815 840 785 800 MSE MAD Forecast 1. 835 830 840 790 815 785 770 835 MSE Tracking signal Control limits 805 785 a. Compute the MSE and MAD for each forecast. (Round your answers to 2 decimal places.) 869.44 1,250.67 Forecast 2 765 830 2.7519 % 3.4380 % MAD 0 t 815 830 b. Compute MAPE for each forecast. (Round your intermediate calculations to 5 decimal places and final answers to 4 decimal places.) 800 806 775 810 815 805 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.) -1.25 69.91 22.50 28.40

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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