Page < > of 2 Actual Sales 2-Month Moving Absolute Value Month Average Forecast-Sales ( of Product X) of Errors (u of Product X) 1,860 Jan/19 Feb/19 2,033 3,556 4,211 Mar/19 Apr/19 May/19 Jun/19 6,250 7,990 10,250 9,850 9,980 Jul/19 Aug/19 Sep/19 Oct/19 Nov/19 Dec/19 Jan/20 9,990 7,895 5,353 - Calculate the 2-month Moving Average Forecast for sales from March/2019 to han/2019 and enter them in the table above. b) -Calculate the Absolute Value of Error for every forecasted month, from March/2019 to Bunsper/2020. Enter those values on the table above. -Calculate the Mean Absolute Deviation (MAD), the Mean Squared Error (MSE) and the weenADsolute 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 d) Forecast and for the 2-month Moving Average Forecast. Which method would you recommend and why?
Page < > of 2 Actual Sales 2-Month Moving Absolute Value Month Average Forecast-Sales ( of Product X) of Errors (u of Product X) 1,860 Jan/19 Feb/19 2,033 3,556 4,211 Mar/19 Apr/19 May/19 Jun/19 6,250 7,990 10,250 9,850 9,980 Jul/19 Aug/19 Sep/19 Oct/19 Nov/19 Dec/19 Jan/20 9,990 7,895 5,353 - Calculate the 2-month Moving Average Forecast for sales from March/2019 to han/2019 and enter them in the table above. b) -Calculate the Absolute Value of Error for every forecasted month, from March/2019 to Bunsper/2020. Enter those values on the table above. -Calculate the Mean Absolute Deviation (MAD), the Mean Squared Error (MSE) and the weenADsolute 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 d) Forecast and for the 2-month Moving Average Forecast. Which method would you recommend and why?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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