[Solved] Aztec Industries has developed a forecasting model that was used to forecast during a 10-month period. The forecasts and actual demand were as
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 | Demand | Forecast |
| 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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