Took statistics and operations management

Reference no: EM131090555

Jim is a department manager at a local department store. He took statistics and operations management in college and has recently forecast sales of toasters using a combination of forecasting methods and his expertise/experiences as below

Calculate the forecasting error, Mean Squared Error (MSE) for the manager's forecast and all the other forecasts. Which method seems most appropriate among proposed forecasting approaches? Why? (Please show all your procedures and state your reasons using the forecasting errors.)

Reference no: EM131090555

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