101 Management's Forecast 122 114 a) What is the MAD for the forecast developed by management sales (round your response to wo decimal places). What is the MAPE for the forecast developed by management % (round your response to two decimal place)
101 Management's Forecast 122 114 a) What is the MAD for the forecast developed by management sales (round your response to wo decimal places). What is the MAPE for the forecast developed by management % (round your response to two decimal place)
Contemporary Marketing
18th Edition
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Louis E. Boone, David L. Kurtz
Chapter14: Pricing Strategies
Section14.2: Forecasting Demand
Problem 1LO
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Question
![Smart Phone covers sales for the past 12 months is given below. Management forecast's for the months of March, April, May, and June are listed
Month
Unit Sales
Management's Forecast
Jul
Aug Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
100
95
95
112
126
118
95
85
101
94
89
110
122
114
108
112
a) What is the MAD for the forecast developed by management sales (round your response to two decimal places)
What in the MAPE for the forecast developed by management % (round your response to two decimal places).
%3D](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe35ed5cf-549c-4bd1-b1a1-a17dcd509de9%2F9ff7a048-a229-4bdd-9cd4-453130a61431%2Frr70z3d_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Smart Phone covers sales for the past 12 months is given below. Management forecast's for the months of March, April, May, and June are listed
Month
Unit Sales
Management's Forecast
Jul
Aug Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
100
95
95
112
126
118
95
85
101
94
89
110
122
114
108
112
a) What is the MAD for the forecast developed by management sales (round your response to two decimal places)
What in the MAPE for the forecast developed by management % (round your response to two decimal places).
%3D
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