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PROBLEM 2:The manager of a large manufacturer of industrial pumps prepare forecasts for a six- month period.  Month Demand Forecast     1     492               488     2     470   484     3     485               480     4     493               490     5     498               497     6                 492   493 Required: Compute for the MAD, MSE, and MAPE.

PROBLEM 2:The manager of a large manufacturer of industrial pumps prepare forecasts for a six- month period.  Month Demand Forecast     1     492               488     2     470   484     3     485               480     4     493               490     5     498               497     6                 492   493 Required: Compute for the MAD, MSE, and MAPE.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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PROBLEM 2:The manager of a large manufacturer of industrial pumps prepare forecasts for a six- month period. 

Month Demand Forecast

    1     492               488

    2     470   484

    3     485               480

    4     493               490

    5     498               497

    6                 492   493

Required: Compute for the MAD, MSE, and MAPE. 

 

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