The following table shows the actual sales of upholstered chairs for a furniture manufacturer and the forecastsmade for each of the last 8 months. Calculate CFE, MSE, s, MAD, and MAPE for this product. Month,tDemand, Forecast,D.F,Error,E,Error, Squared,Absolute Error,Absolute Percent Error,((태/D)(100)200225-256252512.5%24022020400208.330028515225155.04270290-20400207.4230250-20400208.7626024020400207.77210250-401,6004019.08275240351,2253512.7Total-155,27519581.3%2.3.

Using the formulas for the measures CFE - -15 (the sum of the errors for al time periods in the time…

Answered: Month, t Demand, Forecast, D. F, Error,…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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The following table shows the actual sales of upholstered chairs for a furniture manufacturer and the forecasts
made for each of the last 8 months. Calculate CFE, MSE, s, MAD, and MAPE for this product.

Month,
t
Demand, Forecast,
D.
F,
Error,
E,
Error, Squared,
Absolute Error,
Absolute Percent Error,
((태/D)(100)
200
225
-25
625
25
12.5%
240
220
20
400
20
8.3
300
285
15
225
15
5.0
4
270
290
-20
400
20
7.4
230
250
-20
400
20
8.7
6
260
240
20
400
20
7.7
7
210
250
-40
1,600
40
19.0
8
275
240
35
1,225
35
12.7
Total
-15
5,275
195
81.3%
2.
3.

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