Determine the mapdi and msei value of the two methods

Assignment Help Basic Statistics

Reference no: EM13901624

Two methods for predicting weekly sales for a product gave the following results

Period	Method 1	Method 2
1	80	80
2	83	82
3	87	84
4	90	86
5	81	86
6	82	83
7	82	82
8	85	82

The actual demand observed was the following:
Period	Actual demand
1	83
2	86
3	85
4	89
5	85
6	84
7	84
8	83

Determine the MAPDi and MSEi value of the two methods for i = 1,...,8, as well as the Tracking Signal Si of the two methods. Based on this information, determine whether it is possible to safely use one method or the other.

Reference no: EM13901624

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