To draw: The MAD and MSE for actual versus forecasted sales. Introduction The process of predicting the future events is known as the technique of forecasting . The technique of forecasting include projection of future by taking into account past data. The prediction made in forecasting process can be subjective or intuitive.

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Chapter 4, Problem 37P

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To draw: The MAD and MSE for actual versus forecasted sales.

Introduction

The process of predicting the future events is known as the technique of forecasting. The technique of forecasting include projection of future by taking into account past data. The prediction made in forecasting process can be subjective or intuitive.

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