Develop a last period forecast for periods 2 through 11. Calculate the MFE, MAD, and MAPE values for
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Develop a last period forecast for periods 2 through 11. Calculate the MFE, MAD, and MAPE values for periods 2 through 10. Is this a good model? Why?
PERIOD DEMAND
1………… 221
2………… 247
3………… 228
4………… 233
5………… 240
6………… 152
7………… 163
8………… 155
9………… 167
10………… 158
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