(Solved) Month Demand ($) 1 16000 2 22000 3 20000 4 16500 5 25000 6 34500

July 21, 2017UncategorizedBy classhelp24@gmail.com [email if you need fresh paper done]

Month? Demand ($)

1 ??? 16000

2 ????22000

3 ????20000

4 ????16500

5 ????25000

6 ????34500

7 ????33000

8 ????32000

9 ????38500

10 ??47000

11 ??43000

12 ??44500

1)?Calculate the error for months 7-12 of a weighted average forecast with prior months weighted .5, .3 and .2 respectively.

2)?What does the error tell you about this forecast?

3)?What is the MAPE for the 6 months of this forecast? What does this metric tell you about this forecast?

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