Question

Consider the following Time Series.

Consider the following time series. eri Demand 66 6 9 13 14 1 13 a) Using a trend projection, forecast the demand for Period

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Answer #1

a)

forecast for period 9 =4.2857+1.2143*9=15.214

b)

from above:

et=|y-ŷ|
0.50
0.71
1.93
0.14
2.64
2.43
1.79
1.00

average of above =MAD =1.3929

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Consider the following Time Series. Consider the following time series. eri Demand 66 6 9 13 14 1 13 a) Using a trend projection, forecast the demand for Period 9. b) Calculate the MAD for this forec...
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