Ed Rogers owns an appliance store. Sales data on a particular model of a DVD player for the past six months are shown below along with the results of two different forecasting models that were developed t:
$$\begin{array} { l c c c }
\text { Month } & \text { Sales } & \text { Forecast 1 } & \text { Forecast 2 } \
\hline \text { Jan } & 35 & 30 & 33 \
\text { Feb } & 29 & 28 & 32 \
\text { Mar } & 39 & 43 & 35 \
\text { Apr } & 42 & 40 & 45 \
\text { May } & 51 & 48 & 52 \
\text { Jun } & 56 & 55 & 52
\end{array}$$ Which is the better forecasting model, based on the MAD criterion?

Question

Ed Rogers owns an appliance store. Sales data on a particular model of a DVD player for the past six months are shown below along with the results of two different forecasting models that were developed t:
 $$\begin{array} { l c c c } 
\text { Month } & \text { Sales } & \text { Forecast 1 } & \text { Forecast 2 } \
\hline \text { Jan } & 35 & 30 & 33 \
\text { Feb } & 29 & 28 & 32 \
\text { Mar } & 39 & 43 & 35 \
\text { Apr } & 42 & 40 & 45 \
\text { May } & 51 & 48 & 52 \
\text { Jun } & 56 & 55 & 52
\end{array}$$ Which is the better forecasting model, based on the MAD criterion?

Quizplus · Accepted Answer

The Answer of Ed Rogers owns an appliance store. Sales data on a particular model of a DVD player for the past six months are shown below along with the results of two different forecasting models that were developed t:
 $$\begin{array} { l c c c } 
\text { Month } & \text { Sales } & \text { Forecast 1 } & \text { Forecast 2 } \
\hline \text { Jan } & 35 & 30 & 33 \
\text { Feb } & 29 & 28 & 32 \
\text { Mar } & 39 & 43 & 35 \
\text { Apr } & 42 & 40 & 45 \
\text { May } & 51 & 48 & 52 \
\text { Jun } & 56 & 55 & 52
\end{array}$$ Which is the better forecasting model, based on the MAD criterion?

Ed Rogers Owns an Appliance Store Which Is the Better Forecasting Model, Based on the MAD