Page < 2 of 2 Month Actual Sales 2-Month Moving Average Forecast - Sales ( of Product X) Absolute Value (* of Product X) of Errors Jan/19 1,860 2,033 3,556 Feb/19 Mar/19 Apr/19 May/19 Jun/19 Jul/19 4,211 6,250 7,990 10,250 9,850 9,980 Aug/19 Sep/19 Oct/19 9,990 7,895 Nov/19 Dec/19 Jan/20 5,353 Calculate the 2-month Moving Average Forecast for sales from March/2019 to a) B /2019 and enter them in the table above. b) Bnssder/2020. Enter those values on the table above. -Calculate the Absolute Value of Error for every forecasted month, from March/2019 to -Calculate the Mean Absolute Deviation (MAD), the Mean Squared Error (MSE) and the caosolute 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 Nalve Forest and for the 2-month Moving Average Forecast. Which method would you recommend and why? IMPORTANT NOTE: In order to maximize your grade, demonstrate all your calculations, show all your work and upload a file in PDF format.
Page < 2 of 2 Month Actual Sales 2-Month Moving Average Forecast - Sales ( of Product X) Absolute Value (* of Product X) of Errors Jan/19 1,860 2,033 3,556 Feb/19 Mar/19 Apr/19 May/19 Jun/19 Jul/19 4,211 6,250 7,990 10,250 9,850 9,980 Aug/19 Sep/19 Oct/19 9,990 7,895 Nov/19 Dec/19 Jan/20 5,353 Calculate the 2-month Moving Average Forecast for sales from March/2019 to a) B /2019 and enter them in the table above. b) Bnssder/2020. Enter those values on the table above. -Calculate the Absolute Value of Error for every forecasted month, from March/2019 to -Calculate the Mean Absolute Deviation (MAD), the Mean Squared Error (MSE) and the caosolute 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 Nalve Forest and for the 2-month Moving Average Forecast. Which method would you recommend and why? IMPORTANT NOTE: In order to maximize your grade, demonstrate all your calculations, show all your work and upload a file in PDF format.
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
Need help solving D.
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
Apr/19
May/19
Jun/19
3,556
4,211
6,250
7,990
10,250
Jul/19
Aug/19
Sep/19
Oct/19
9,850
9,980
9,990
7,895
Nov/19
Dec/19
Jan/20
5,353
- 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
Meanosolute Percent Error (MAPE) for the 2-month Moving Average Forecast you created for
Product X from March/2019 to December/2020.
- Create a table that shows the MAD, MSE and MAPE values you obtained for the Nalve
Forecast and for the 2-month Moving Average Forecast. Which method would you recommend
d)
and why?
IMPORTANT NOTE:
In order to maximize your grade, demonstrate all your calculations, show all your work and upload a file
in PDF format.
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