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Two independent methods of forecasting based on judgment and experience have been prepared each month for...

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Advance Math

Two independent methods of forecasting based on judgment andexperience have been prepared each month for the past 10 months.The forecasts and actual sales are as follows:

MonthSalesForecast 1Forecast 2
1830790760
2845800795
3795805820
4825815830
5770780795
6835790796
7785765800
8835785835
9805800810
10855820795

c. Prepare a naive forecast for periods 2through 11 using the given sales data. Compute each of thefollowing; (1) MSE, (2) MAD, (3) tracking signal at month 10, and(4) 2s control limits. (Round your answers to 2decimal places.)

MSE
MAD
Tracking signal
Control limits0 ±

Answer & Explanation Solved by verified expert
4.3 Ratings (539 Votes)
The naive forecast is very easy The forecast for next monthwill be equal to    See Answer
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