1) Scenario B Suppose Bill uses his own "Magic" Forecasting method. His forecast for April through August is shown below

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1) Scenario B
Suppose Bill uses his own "Magic" Forecasting method. His
forecast for April through August is shown below.
MONTH
BILL’S MAGIC FORECAST
ACTUAL DEMAND
April
150
165
May
220
215
June
215
205
July
245
255
August
205
225
What is the CFE for Bill's Magic Forecast from April through
August? Pick the closest answer.
Group of answer choices
A) -50
B) -30
C) -10
D) 10
E) 30
F) 50
2) Refer to Scenario B
What is the MAD for Bill’s Magic Forecast? Pick the closest
answer.
Group of answer choices
A) -30
B) -20
C) -10
D) 0
E) 10
F) 20
G) 30
3) Refer to Scenario B
What is the MSE for Bill’s Magic Forecast? Pick the closest
answer.
Group of answer choices
A) 50
B) 75
C) 100
D) 125
E) 150
F) 175
4) Refer to Scenario B
Suppose underforecasting demand costs Bill $100 per unit, and
overforecasting costs bill $250 per unit. What is the cost of
forecasting error for Bill’s Magic Forecast for April through
August? Pick the closest answer.
Group of answer choices
A) -4000
B) -2000
C) 0
D) 2000
E) 4000
F) 6000
G) 8000