[Step-by-Step] Aztec Industries has developed a forecasting model that was used to forecast during a 10-month period. The forecasts and actual demand were
Question: Aztec Industries has developed a forecasting model that was used to forecast during a 10-month period. The forecasts and actual demand were as follows:
Month Actual Demand Forecast Demand
1 160 170
2 150 165
3 175 157
4 200 166
5 190 183
6 220 186
7 205 203
8 210 204
9 200 207
10 220 203
- Measure the accuracy of the forecast by using MAD, MAPD, and cumulative error. Does the forecast method appear to be accurate?
Deliverable: Word Document 
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