Mathematics, 20.02.2020 19:58 damari9288
Harlen Industries has a simple forecasting model: Take the actual demand for the same month last year and divide that by the number of fractional weeks in that month. This gives the average weekly demand for that month. This weekly average is used as the weekly forecast for the same month this year. This technique was used to forecast eight weeks for this year, which are shown below along with the actual demand that occurred. The following eight weeks show the forecast (based on last year) and the demand that actually occurred: WEEK FORECAST DEMAND ACTUAL DEMAND 1 140 137 2 145 133 3 155 156 4 145 166 5 132 186 6 142 1767 144 190 8 145 210 Compute the MAD of forecast errors.
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Harlen Industries has a simple forecasting model: Take the actual demand for the same month last yea...
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