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Mean absolute deviation and mean absolute percent error

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From the choice of the simple moving average, weighted moving average, exponential smoothing, and linear regression analysis, which forecasting technique would you consider the most accurate? Why?

Discuss the basic differences between the mean absolute deviation and mean absolute percent error.

Let's say you work for a company that makes prepared breakfast cereals like cornflakes. Your company is planning to introduce a new hot breakfast product made from whole grains that would require some minimal preparation by the consumer. This would be a completely new product for the company. How would you propose forecasting initial demand for this product?

Reference no: EM133102812

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