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Assignment 1 - Forecasting 12.5
Assignment 1 - Forecasting 12.5
Homework/Assignment 1
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Contents of questions
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Answers/Works
Page 1
Production Management
Page 2
Production Management
F 2=α D1 +(1 − α )F 1
c) Compare the two forecasts using MAD and indicate the most accurate.
● Using MAD on three-semester moving average forecast
Page 3
Production Management
MA D 1=
∑ |Dt − Df |= 306.67 =¿61,33
n 5
MA D 2=
∑ |Dt − D f|= 424.92 =¿70.42
n 7
MA D1=61.33
{
After using MAD on both forecasting methods we have MAD =70.42
2
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Production Management
Page 5