Question & Answer: Consider the following forecast results. Calculate MFE, MAD, and MAPE, using…..

Quiz: Quiz 2 (Chapters 9, 10) Thme Pemaining 0402.01 Stémt C This Question: 7 pts 30120 (14 complete) ▼ This Quiz: 100 pts pose Question Help Consider the following June. Does the forecast model under- or overforecast? Cons tt orinastocae MEE MAD, and MAPusingthe data for the months January through results. Calculate Demand Forecast January February March April May June 1,050 993 990 1,071 1,075 991 1,048 ,044 881 1,022 1,094 1,012 The MFE is 9.8333,Enter your response rounded to one decimal place and include a minus sign tnecessary) The MAD is 42.8333. (Enter your response rounded to one The MAPE is 42290 %. (Enter your response rounded to one decimal place.) The forecast model decimal place.) Enter your answer in each of the answer boxes.

Consider the following forecast results. Calculate MFE, MAD, and MAPE, using the data for the months January through June. Does the forecast model under- or overforecast? The MFE is 9.8333. (Enter your response rounded to one decimal place and include a minus sign necessary.) The MAD is 42.8333. (Enter your response rounded to one decimal place.) The MAPE is 4.2290%. (Enter your response rounded to one decimal place.) The forecast model overforecasts.

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Question & Answer: Consider the following forecast results. Calculate MFE, MAD, and MAPE, using..... 1

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