This is skill-building exercise. You should provide formulas, steps, or reasons to support your solutions. You Must show how did you reach every number. Submissions with only the final solutions will not be given any credit Bloomfield’s car dealer must choose between two altemative forecasting techniques. Both techniques have been used to prepare forecasts for a six- month perlod. Using MAD as a criterion, which technique provides a more accurate forecast? MonthActual Technique 1 Technique 2 Demand May 14.5
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Expert Answer
Solution :
Forecast from Technique is better as MAD is lower (2.5)
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