Which forecast is more accurate

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Reference no: EM133353541

Question: Calculate measures of forecast accuracy: MFE, MAD and MAPE using the data from FY2017 through FY2020.

Which forecast is more accurate?
Do these forecasts seem adequate for the purposes of decision making? Why or why not?

Actual Demand (Three Sock Sets)	Weighted Moving Average Fcst	Exponential Forecast
2017	18,850	15,500	16,300
2018	22,432	17,060	18,340
2019	26,918	20,614	21,613
2020	31,763	24,765	25,857

Reference no: EM133353541

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