Determine the performance of the methods using mad


Problem:

C&A uses three different methods to forecast demand for its apple pies in the past 5 months.

Required:

Question 1) What can you conclude in evaluating the performance of these methods using MAD?

Month
Actual
Method A
Method B
Method C
1
150
90
100
100
2
100
125
145
120
3
90
95
105
112
4
75
82.5
91
103
5
80
77.5
77
92

i) A is the worst and C is the best
ii) A is the worst and B is the best
iii) B is the worst and C is the best
iv) B is the worst and A is the best
v) C is the worst and B is the best
vi) C is the worst and A is the best

Solve the problem and show all work.

Request for Solution File

Ask an Expert for Answer!!
Operation Management: Determine the performance of the methods using mad
Reference No:- TGS0885389

Expected delivery within 24 Hours