Compute the bias and mad for each set of forecasts, Operation Management

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Given the series of demand data below

Period: 1 2 3 4 5 6 7 8 9 10

Demand: 43 31 52 44 23 48 40 39 30 40

Calculated forecasts for periods 7 through 11 using moving average models with n=2, n=4, n=6

Week n=2 n=4 n=6

7 35.4 41.9 40.1

8 44 38.7 39.6

9 39.4 37.4 41

10 34.4 39.2 37.2

11 35 37.2 36.6

Calculate the bias and MAD for each set of forecasts

Moving Average Forecast

n=2 n=4 n=6

Bias _ _ _

MAD _ _ _ 


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