Homework Answers
7.
Forecasting error of May = Demand - Forecast = 190 - 199 = -9
8.
| Month | Demand | Forecast | Error | Absolute error | Absolute error / Demand in % |
| Mar | 204 | 150 | 54 | 54 | 26.5% |
| Apr | 203 | 177.7 | 25.3 | 25.3 | 12.5% |
| May | 190 | 199 | -9 | 9 | 4.7% |
| Average | 14.6% |
The MAPD is 14.6% which is nearest to option (e).
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