forecasting model
AT&T has been chosen as one of the great public Fortune 500 companies nowadays. Outlining the 4 key organizational components
July 2, 2020ACC1002_Wescott Company_statement of cash flows
July 2, 2020forecasting model
1.) Aztec industries has developed a forecasting model that was used to forecast during a 10-month period . The forecasts and actual demand were as follows:
Month Actual demand Forecast demand
1 160 170
2 150 165
3 175 157
4 200 166
5 190 183
6 220 186
7 205 203
8 210 204
9 200 207
10 220 203
Measure the accuracy of the forecast by using MAD, MAPD, and cumulative error. Does the forecast seem to be accurate?
