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This question was created from lab1


How would I use MAE and MAPE in this case and how do I determine the starting points?


Utilize Excel to identify the best forecast based on MAD
and MAPE. Create a table with forecasting results that
may be similar to the table in the "forecasting results"
tab in this week's Excel file. Apply the best forecast to
estimate inventory in four quarters of 2015

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Hi, please refer to the explanation section for detailed solution of the... View the full answer

New Microsoft Office Excel Worksheet.jpg

Linear Trend
Absolute value of the difference (Absolute value of the difference
between Actual Value and
between Actual Value and Forecast)/
2015 q1

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