Compare the forecasts using mse and mad

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Reference no: EM132728848

Week Sales1 322 353 564 855 95

6 45

7 65

8 74

9 73

10 39

a) Forecast sales using the naïve method, a three-period moving average, and exponential smoothing with an α = 0.35

b) Compare the forecasts using MSE and MAD and decide which is best.

c) Using the optimal method, make a forecast for Weeks 11 and 12

Reference no: EM132728848

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