Determine the mapdi and msei value of the two methods for i


Two methods for predicting weekly sales for a product gave the following results

 

Period

Method 1

Method 2

1

80

80

2

83

82

3

87

84

4

90

86

5

81

86

6

82

83

7

82

82

8

85

82

The actual demand observed was the  following:

 

Period

Actual demand

1

83

2

86

3

85

4

89

5

85

6

84

7

84

8

83

Determine the MAPDi and MSEi value of the two methods for i = 1,...,8, as well as the Tracking Signal Si of the two methods. Based on this information, determine whether it is possible to safely use one method or the other.

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Basic Statistics: Determine the mapdi and msei value of the two methods for i
Reference No:- TGS01197017

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