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MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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![1) A company had the following demand for the past 2 years, please develop an optimal
forecasting method (one with the lowest error), and forecast the next 12 months using the best
model. Compare MAD/MSE/MFE and MAPE across the different forecasting methods you select
Please discuss your results
2020 Demand
2021 Demand
Jan
1361
Dec
1438
Feb
1286
Jan
1415
Feb
1325
Mar
1230
Mar
1286
Apr
1225
Apr
1295
May
1220
May
1275
Jun
1250
Jun
1255
Jul
1210
Jul
1290
Aug
1190
Aug
1240
Sep
1240
Sep
1300
Oct
1288
Oct
1375
Nov
1422
Nov
1362
Dec
1490
Dec
1438](https://content.bartleby.com/qna-images/question/226c5102-e542-4c11-b56f-63e64d6700b1/6b50f4df-c82d-4684-b53e-2ed0fdb0246c/7txwuas_thumbnail.png)
Transcribed Image Text:1) A company had the following demand for the past 2 years, please develop an optimal
forecasting method (one with the lowest error), and forecast the next 12 months using the best
model. Compare MAD/MSE/MFE and MAPE across the different forecasting methods you select
Please discuss your results
2020 Demand
2021 Demand
Jan
1361
Dec
1438
Feb
1286
Jan
1415
Feb
1325
Mar
1230
Mar
1286
Apr
1225
Apr
1295
May
1220
May
1275
Jun
1250
Jun
1255
Jul
1210
Jul
1290
Aug
1190
Aug
1240
Sep
1240
Sep
1300
Oct
1288
Oct
1375
Nov
1422
Nov
1362
Dec
1490
Dec
1438
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