Demand for a product and the forecasting department's forecast (using naive model) for the product are shown below. a. C
Posted: Thu May 19, 2022 9:09 am
Demand for a product and the forecasting department's forecast (using naive model) for the product are shown below. a. Compute the mean absolute error. b. Compute the mean squared error. Period Actual Demand (Y) Forecasted Demand (Ft) 1 50 2 49 50 3 44 49 4 46 44 5 SO 46 6 60 50