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………………..–
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……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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