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The Following Table Provides the Demand and the Forecast for the Television

Question 107

Short Answer

The following table provides the demand and the forecast for the television model AK117 at a major electronics retailer. Calculate the CFE, MSE, MAD, and MAPE.
 Month  Demand  Forecast  Error  Squared  Error  Absolute  Error  Absolute  Percentage  Error 15057742.256.513260546366103555500004455813156.2512.527.857050204002028.66585810.250.50.976464000085361864815.19595910.250.50.810625663669.7total673560106\begin{array} { | c | c | c | c | c | c | c | } \hline \text { Month } & \text { Demand } & \text { Forecast } & \text { Error } & \begin{array} { c } \text { Squared } \\\text { Error }\end{array} & \begin{array} { c } \text { Absolute } \\\text { Error }\end{array} & \begin{array} { c } \text { Absolute } \\\text { Percentage } \\\text { Error }\end{array} \\\hline 1 & 50 & 57 & - 7 & 42.25 & 6.5 & 13 \\\hline 2 & 60 & 54 & 6 & 36 & 6 & 10 \\\hline 3 & 55 & 55 & 0 & 0 & 0 & 0 \\\hline 4 & 45 & 58 & - 13 & 156.25 & 12.5 & 27.8 \\\hline 5 & 70 & 50 & 20 & 400 & 20 & 28.6 \\\hline 6 & 58 & 58 & 1 & 0.25 & 0.5 & 0.9 \\\hline 7 & 64 & 64 & 0 & 0 & 0 & 0 \\\hline 8 & 53 & 61 & - 8 & 64 & 8 & 15.1 \\\hline 9 & 59 & 59 & 1 & 0.25 & 0.5 & 0.8 \\\hline 10 & 62 & 56 & 6 & 36 & 6 & 9.7 \\\hline & & total & 6 & 735 & 60 & 106 \\\hline\end{array}

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