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Calculate MAD, MAPD of the following forecasting method. Also calculate MSE. Period.Demand.Forecasts .
Calculate MAD, MAPD of the following forecasting method. Also calculate MSE.
Period..............Demand............Forecasts
......1...................256....................--
......2...................270....................243
......3...................248....................249
......4...................265....................241
......5...................244....................253
Absolute error of period 2:
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Absolute error of period 3:
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Absolute error of period 4:
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Absolute error of period 5:
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MAD:
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MSE:
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Absolute percentage error of period 2:
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Absolute percentage error of period 3:
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Absolute percentage error of period 4:
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Absolute percentage error of period 5:
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MAPD
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