The following historical data have been collected representing sales of a product. Compare forecasts using a three-perio
Posted: Mon May 30, 2022 5:54 pm
The following historical data have been collected
representing sales of a product. Compare forecasts using a
three-period moving average and exponential smoothing with an α =
0.2. Using MAD and MSE, which forecasting model is best? Are your
results the same using the two error measures?
Week Demand
1
20
2
31
3
36
4
38
5
42
6
40
representing sales of a product. Compare forecasts using a
three-period moving average and exponential smoothing with an α =
0.2. Using MAD and MSE, which forecasting model is best? Are your
results the same using the two error measures?
Week Demand
1
20
2
31
3
36
4
38
5
42
6
40