[See Solution] Develop a last-period forecast for periods 2 through 11. Calculate the MFE and MAD values for period 2 through 10. Is this a good model? Why
Question: Develop a last-period forecast for periods 2 through 11. Calculate the MFE and MAD values for period 2 through 10. Is this a good model? Why or why not?
| PERIOD | DEMAND |
| 1 | 221 |
| 2 | 247 |
| 3 | 228 |
| 4 | 233 |
| 5 | 240 |
| 6 | 152 |
| 7 | 163 |
| 8 | 155 |
| 9 | 167 |
| 10 | 158 |
Deliverable: Word Document 
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